Stock Market Update: Anticipation Surrounds Federal Reserve Rate Decision
Sunday, 15 September 2024, 21:59
Market Update: Indian Indices Steady Amid Fed Rate Anticipation
The stock market update reveals a cautious opening for Indian markets on Monday, with the Sensex and Nifty hovering around previous levels.
Market Performance
- Sensex rose 180.92 points to 83,071.86.
- Nifty climbed 55.1 points to 25,411.60.
- NTPC, Axis Bank, Tata Steel led gainers while Hindustan Unilever faced losses.
Investor Sentiment
Investors remain cautious as they await the latest breaking news on the Federal Reserve's decision regarding rate cuts this Wednesday.
Key Developments in the Market
- Foreign Institutional Investors (FIIs) purchased equities worth Rs 2,364.82 crore.
- Domestic Institutional Investors (DIIs) bought equities worth Rs 2,532.18 crore.
- Rupee strengthens by 5 paise to 83.87 against USD.
As the global economy watches, market participants are eager for clues from the Fed policy. Expert opinions suggest a potential 25 bps cut, influenced by the current economic landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.