BUSINESS

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BUSINESS

Sensex, Nifty50 hit new all-time highs

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Fed keeps rates steady

The US Federal Reserve's decision to keep benchmark rates steady at 5.25% to 5.5% pushed India's Nifty50 and Sensex to fresh all-time highs.

2

Rate cuts in 2024

Policymakers foresee a series of rate cuts next year, signaling an end to its aggressive rate-hiking campaign.

3

IT index leads

Mid-cap and small-cap indices mirrored the frontline indices' movements, with among the sectoral indices Nifty realty index leading gains at 3.4%.

4

New milestone for BSE-listed firms

The combined market capitalization of all BSE-listed companies rose by Rs. 3 lakh crore to reach Rs. 354.19 lakh crore.

5

Global markets rise

US market investors cheered the Fed's decision too, propelling the Dow Jones past 37,000 for the first time. The broader Asian markets were also upbeat.