The Indian stock markets started firmly on Thursday (18 September) amidst mixed signals from Asian markets. The decision to cut interest rates by the US Federal Reserve had a positive impact on investors’ notion. This move of Fed saw a strong rise in IT shares, which gave the market support.
The 30 -share BSE Sensex opened at 83,108 with a gain of over 400 points. It immediately reached 83,141. At 9:26 am it was trading at 83,071.59 with a gain of 377.88 points or 0.46 percent. Similarly, the Nifty 50 of the National Stock Exchange (NSE) also opened firmly at 25,441. At 9:27 am, it was trading at 25,432 at 25,432 at 102.10 points or 0.40 percent.
Global market
On Thursday, the Asian markets were mixed. As expected, the US Federal Reserve reduced its benchmark interest rate from 4.25% to 4%. Fed Chairman Jerome Powell described the move as not a response to economic weakness, but a “risk management cut”. The Federal Reserve also indicated that two more interest rates could be cut by the end of the year: one in 2026 and the other in 2027, no change in 2028.
Japan’s Nikkei index rose 0.8% to a new record level. The Japanese stock markets gained momentum due to the strengthening of real estate and technical stocks. Investors are now keeping a close watch on the two -day policy meeting of Bank of Japan. Most economists hope that interest rates will remain unchanged. Meanwhile, the cospy rose 0.80%, while the ASX 200 fell 0.56%.
On Wednesday, the US share futures market was trading slightly up after the markets accepted the Fed’s decision. The session remained unstable and the initial lead was reduced. Dow Jones Industrial Average, after reaching its all -time high level for some time, rose 0.57 percent to close at 46,018.32. On the other hand, the S&P 500 index fell 0.10 percent to 6,600.35 and the Nasdaq Composite fell 0.33 percent to 22,261.33.