Indian Markets Surge After US Fed’s Surprise Rate Cut
Indian benchmark indices experienced a significant boost following a surprising 50 basis points rate cut by the US Federal Reserve.
Indian Equity Indices Close Higher Following US Fed Rate Cut
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.
US Federal Reserve Maintains Interest Rates
If the US economy remains strong and inflation persists, the Fed would be prepared to maintain the current target range for the federal funds rate as long as appropriate
Inflation Worries Continue For US Federal Reserve, No Policy Rate Cut For Sixth Time
Raising interest rates is a monetary policy instrument that typically helps suppress demand in the economy, thereby helping the inflation rate decline.
All in a year: Equity market investors turn richer by Rs 81.90 lakh crore in 2023
In the year 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 percent.
