Indian stock market poised for strong opening after Fed rate cut
market hours1 source ↓written by the desknot a recommendation
- rose
- 427 points
- 84,818.13
- gained
- 141 points
- after the US
- 25,898.55
- cut rates
- 25 basis points
The Indian stock market is set for a strong opening on 12 Dec, buoyed by positive global cues. The Sensex rose 427 points to 84,818.13, while the Nifty 50 gained 141 points to 25,898.55 after the US Fed cut rates by 25 basis points. Gift Nifty indicates further gains, trading at 26,134, up 0.4% from the previous close.
• US markets closed at record highs, boosting sentiment.
• Asian markets also experienced gains following the Fed's decision.
• This rebound marks the end of a three-day losing streak for Indian indices.
Not investment advice. For informational purposes only.