Indices may open positively on September 20 amid global cues. The GIFT Nifty was trading around 70 points up at 7 am trading at 25,606.
On Thursday, September 20, indices climbed fresh high levels post the US Federal Reserve announced the rate cut in policy for the first time after pandemic. At close, Nifty was up around 25,415.80, 0.15% up while Sensex ended at 83,184.80, 0.29% up led by banks, FMCG and realty sectors.
Global markets:
Wall Street traders remain optimistic about the Federal Reserve’s ability to achieve a soft landing, sparking a rally in riskier assets. The S&P 500 hit its 39th record high of 2024, with tech stocks leading the gains, as the Fed’s recent rate cut fueled hopes of avoiding a recession.
The Asian markets also gains in the Friday trading session after Wall Street reaches new high overnight.
FII & DII data:
FII were the net sellers yesterday and sold equities worth ₹2547 crore while DII bought equities worth ₹2012 crore.
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