Mumbai :-
The benchmark equity indices extended their winning streak for the third straight session on Thursday, buoyed by positive global cues after the US Federal Reserve announced a rate cut.
The BSE Sensex closed 320 points higher at 83,013.96, while the NSE Nifty 50 gained 93 points to end at 25,423.60. Broader markets saw mixed trends, with the Midcap index adding 0.36 per cent and the Smallcap index ending nearly flat.
Investor sentiment improved after the Fed cut interest rates by 25 basis points, raising expectations of further easing later this year. Analysts said the move has eased concerns over global growth and provided momentum to emerging market equities, including India.
Sectorally, pharmaceuticals and healthcare stocks led the rally, rising 1.3–1.5 per cent, followed closely by IT stocks, which gained nearly 0.8 per cent. Major gainers in the Sensex pack included Sun Pharma, Infosys, HDFC Bank, Power Grid and NTPC, while Bajaj Finance, Tata Motors, UltraTech Cement and Asian Paints slipped into the red.
Market volatility also eased, with the India VIX declining 3.5 per cent, signalling improved confidence among investors.
Experts, however, cautioned that while the Fed’s move has offered short-term relief, future trends will depend on foreign investor flows, domestic earnings performance and global economic data.
“With valuations running high in certain pockets, the market may consolidate before the next leg of rally,” said a Mumbai-based broker.
This marks the third consecutive day of gains for both Sensex and Nifty, underlining the strength of Indian equities despite lingering global uncertainties.
