Key Points
Benchmark stock market indices erased early losses on Wednesday to hit fresh all-time high on positive expectations of the US Fed rate cut to be announced later in the day...
The S&P BSE Sensex added 188.33 points to 83,267.99, while the NSE Nifty50 gained 46.90 points to 25,465.45 as of 12 PM...
Dr V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, The significance of the Fed rate decision expected tonight is evident from the wait and watch market mood across the globe yesterday..
Among the top gainers on Nifty50, Bajaj Finance led the pack with a 3.81% increase, followed by Shriram Finance at 3.10%..
Other sectors in the green included Nifty Auto (0.51%), Nifty FMCG (0.09%), and Nifty PSU Bank (0.64%)...
