Bulls return as Fed rate pause, dip in US yields lift sentiment
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian equities staged a broad-based recovery Thursday, with the Sensex rising 905 points and the Nifty closing above 22,900.
- ✓The US Federal Reserve decision to hold policy rates triggered buying across sectors.
- ✓Sunny Agrawal said, "Domestic equities staged a strong recovery, reversing part of the weakness seen in the previous session."
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Mumbai: Indian equities staged a broad-based recovery Thursday, with the Sensex rising 905 points and the Nifty closing above 22,900, as supportive global cues after the US Federal Reserve's overnight decision to hold policy rates triggered buying across sectors.
The US Federal Reserve voted to keep its benchmark interest rate unchanged in a target range of 3.75% to 4%, triggering a retreat in US yields. The near-1% slide in US benchmark 10-year yields offered some relief to equities, although uncertainty over the global interest-rate outlook continued to weigh on investor sentiment. The 30-share BSE Sensex gained 905.01 points, or 1.24%, to settle at 74,151.04, while the NSE Nifty advanced 237.90 points, or 1.05%, to close at 22,936.75.
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The Economic Times
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