Synopsis : Indian equities surged for the third straight session on Thursday, fueled by the U.S. Fed’s rate cut and optimism over GST reforms and trade talks. Tech, pharma, and banking stocks drove gains, while metals lagged.
The Indian stock market extended its winning streak on Thursday, buoyed by global and domestic cues. The U.S. Federal Reserve announced a 0.25% rate cut to support its labour market, sparking a rally across Asian equities and lifting investor confidence in India.
At mid-session, the Sensex advanced over 350 points, while the Nifty50 crossed the 25,400 mark, maintaining strong momentum for the third consecutive trading day. Investor sentiment was further supported by ongoing progress in India-US trade negotiations and the recent round of GST reforms aimed at boosting economic growth.
Sectorally, technology stocks emerged as the clear outperformers, with Infosys and Sun Pharma climbing up to 2%. Gains were also visible in banking, auto, pharma, and FMCG counters, reflecting broad-based participation. However, the metals index slipped into negative territory, becoming the day’s lone laggard.
In global markets, the tone remained mixed but broadly positive. S&P 500 futures rose 0.4%, Japan’s Topix gained 0.5%, while Hong Kong’s Hang Seng remained largely unchanged. Australia’s S&P/ASX 200 slipped 0.5%, and the Shanghai Composite edged up 0.3%. Euro Stoxx 50 futures also traded 0.4% higher, indicating resilience in European equities.
Market experts believe the Fed’s dovish stance, combined with domestic policy momentum, could keep Indian indices on an upward trajectory, though caution remains ahead of key global economic data releases.
Disclaimer : This article is for informational purposes only and should not be taken as financial or investment advice. Investors should consult with certified advisors before making any trading or investment decisions.
Do you also want me to add a quick “Global Market Snapshot” table (with indices and their % change) inside the article for easy readability?
