Sensex jumps over 50 points, Nifty above 25,750 after US Fed rate cut
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Indian equities opened modestly higher on Thursday, with the Sensex and Nifty snapping a three-session slide, after the U.S. Federal Reserve delivered its widely anticipated 25-basis-point rate cut, a move investors hope will help temper foreign outflows. The S&P BSE Sensex rose 69 points, or 0.08%, at the open to 84,460, while the NSE Nifty 50 advanced 23 points, or 0.09%, to begin the session at 25,781. IT stocks edged up 0.7%, supported by the Federal Reserve’s rate cut, which investors believe could bolster U.S.-driven revenue and revive client spending across the sector. Lower borrowing costs in the U.S. typically enhance the appeal of emerging markets such as India for foreign investors, adding another tailwind for technology names. Metals also firmed, with the sector index up 0.4%, tracking stronger global prices as the U.S. dollar softened. A weaker greenback generally makes commodities more affordable for buyers using other c...