Indian Stock Market Swings as US Federal Reserve Cuts Rates; Nifty and Sensex See Surge, Then Correction
the Indian stock market witnessed significant activity and volatility. The US Federal Reserve’s decision to lower its key interest rate by 25 basis points boosted investor sentiment globally, triggering a rally in major benchmarks like the NSE Nifty 50 and BSE Sensex.ndtvprofit On Thursday, the Sensex closed 320 points (0.39%) higher at 83,013.96, and the Nifty 50 ended up 93 points (0.37%) at 25,423.60. However, early Friday trading saw profit booking and mild declines, with the Sensex opening at 82,946.04 (down 67 points) and Nifty at 25,410.20 (down 13 points compared to previous close). Despite the soft start, midcap and smallcap segments remained firm, indicating continued support among broader indices. Major gainers included Adani Ports, Infosys, Maruti, Hindustan Unilever, and NTPC, driven by news events and institutional buying, especially after the SEBI clean chit to Adani stocks. On the downside, financial heavyweights like Mahindra & Mahindra, Bajaj Finance, ICICI Bank, and Bharti Airtel saw some pressure due to sector rotation and profit-taking. Foreign Institutional Investors (FIIs) bought equities worth ₹366 crore, while Domestic Institutional Investors (DIIs) purchased ₹3,326 crore on Thursday, supporting bullish undercurrents in the market. Market experts predict that as long as Nifty holds above the 25,300-mark, sentiment may remain positive, with 25,500 seen as the next resistance. However, a close below 25,300 could trigger further correction. Global factors, especially policy signals from the US and expectations of a US-India trade deal, are influencing market direction. The combination of strong sector performance, technical momentum, and institutional flows are expected to keep Indian stock markets resilient in the coming sessions. READ MORE : Reliance Industries Shares Dip Post 48th AGM: Key Announcements Unveiled Key Points for Investors: Indian Stock Market US Federal Reserve’s rate cut drives global and domestic optimism in equities.ndtvprofit Nifty and Sensex showed robust gains on Thursday but opened slightly lower on Friday due to profit booking.indiatvnews Adani stocks rallied post regulatory developments; major gainers and laggards influenced sector moves.financialexpress Experts recommend monitoring support at Nifty 25,300 and resistance at 25,500 for short-term trades.