Indices may open flat

19 Sep 2024 , 08:51 AM

Dalal Street may open flat on September 19 amid global cues after Fed rate cut last night. The GIFT Nifty trading lower near 25,393.5 at 7 am on Thursday morning.

On September 18, indices reached record high but failed to hold the gains amid global cues ahead Federal Reserve’s interest rate decision. The indices were closed in red with Sensex down 131.43 points to close at 82,948.23 while Nifty falls 41 points to shut at 25,377.50.

Global Markets:

The Asian markets were trading with marginal gains on Thursday morning, after the decision of Federal Reserve to cut rate by 50 basis points.

However, the US Markets closed negative. The benchmark S&P 500 initially surged by up to 1% after the announcement but later pulled back, closing down 0.29% at 5,618.26. Meanwhile, the Dow Jones Industrial Average fell 0.25% to end at 41,503.10, and the Nasdaq Composite declined 0.31%, closing at 17,573.30.