Bharat Express DD Free Dish

US Fed Rate Cut

The stock market extended gains for the third consecutive session on Thursday, driven by strong buying in IT stocks after the US Federal Reserve announced a rate cut.

The Indian stock market is set for a crucial week as global cues, US interest rate signals, industrial output data.

The US Federal Reserve’s second 25-basis-point rate cut to 4.75% boosts optimism in emerging markets, including India.

Indian markets opened on a cautious note Friday, reflecting global uncertainty following a second consecutive rate cut by the US Fed Reserve.

The US Federal Reserve reduced interest rates by 25 basis points, as the economy faces a cooling labour market and persistent inflation.

Among sectoral indices, Auto, financial services, FMCG, real estate, and private banks were major gainers. In contrast, IT, PSU banks, pharma, metals, media, and energy sectors lagged.

Experts predict that the US rate cut will encourage central banks in other countries to consider similar actions

Indian equity markets opened on a positive note on Monday, buoyed by the upward momentum seen in American markets.