Sensex soars 489 pts as dovish Fed lifts global markets
Equity benchmark Sensex surged 489 points Thursday in tandem with upbeat global markets after the US Federal Reserve’s dovish stance galvanised investor sentiment. The 30-share Sensex, after a lacklustre opening, witnessed across-the-board buying led by banking, healthcare and auto counters.It finally settled 488.89 points, or 1.25 per cent, higher at 39,601.63.Similarly, the broader NSE Nifty soared 140.30 points, or 1.20 per cent, to finish at 11,831.75. Global equities marched higher after the US central bank indicated its rate cut cycle might begin as soon as next month. The Fed left…
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