Tag: FED rates announcements

Sensex, Nifty hit record highs on U.S. Fed rate cut; banks lead gains

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Sensex, Nifty hit record highs on U.S. Fed rate cut; banks lead gains

The BSE benchmark dropped 131.43 points, or 0.16%, to settle at 82,948.23 on Wednesday (September 18, 2024). | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty climbed to fresh record high levels on Thursday (September 19, 2024) in line with firm global trends after the U.S. Federal Reserve announced the first cut in policy…

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Business

Sensex, Nifty scale fresh peaks after U.S. Federal Reserve’s rate cut

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Sensex, Nifty scale fresh peaks after U.S. Federal Reserve’s rate cut

Bombay Stock Exchange (BSE). | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty surged to their fresh record high levels in early trade on Thursday after the U.S. Federal Reserve cut its benchmark interest rate after more than four years. The 30-share BSE Sensex jumped 735.95 points to scale a new all-time high of…

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Business

Indian shares set to open higher after bumper U.S. Fed rate cut

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Indian shares set to open higher after bumper U.S. Fed rate cut

Image used for representative purpose only. | Photo Credit: ANI Indian shares are set to open marginally higher on Thursday (September 19, 2024) as the U.S. Federal Reserve started its monetary easing cycle with a large 50-basis-point rate cut. The GIFT Nifty was at 25,453.5 points as of 08:08 a.m. IST, indicating the NSE Nifty…

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Business

U.S. Federal Reserve makes half-point cut in first rate reduction since 2020

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U.S. Federal Reserve makes half-point cut in first rate reduction since 2020

People look toward the New York Stock Exchange (NYSE) before the Federal Reserve announcement in New York City, U.S., on September 18, 2024. | Photo Credit: Reuters The U.S. Federal Reserve cut its key lending rate by half a percentage-point Wednesday (September 18, 2024) in its first reduction since the pandemic, sharply lowering borrowing costs…

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