Following a pause in rate hike by the US Fed and hints of a pivot in place, the Indian equity benchmark indices opened on a bullish note
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Sensex Today: Following a pause in rate hike by the US Fed and hints of a pivot in place, the Indian equity benchmark indices opened on a bullish note on Thursday.
The S&P BSE Sensex opened 442 points higher at 64,033. The NSE Nifty50 was seen quoting above 19,100 level.
Among the Sensex 30 stocks, Larsen & Toubro, Mahindra & Mahindra, Infosys and Maruti were the major movers. Tata Steel, however, was down a per cent post Q2 loss.
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Overnight, the US market, rallied sharply after the US Fed left rates unchanged for the second straight time. The S&P 500 index was up 1 per cent, Nasdaq soared 1.6 per cent and Dow Jones gained 0.7 per cent each.
Fed chief Jerome Powell signaled that policymakers will remain on hold, downplaying the “efficacy” of the Fed’s September forecast for one more rate hike this year.
The 10-year Treasury yield fell to 4.71 per cent post market close. In commodities, Brent Crude quoted around $85 per barrel, while Gold prices dipped below the $2,000-mark.
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Markets in the Asia Pacific region too were seen holding buoyant gains. Nikkei and Hang Seng had rallied over 1 per cent each, while Kospi and Taiwan gained 1.7 per cent each.
