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Fed Rate Cut Hopes Lift Markets for 4th Day
March 21, 2025
|Business Standard
Benchmark indices up over 5% from recent lows but still trade 12% below record highs logged six months ago
Domestic equity benchmarks rallied over a percent on Thursday, driven by a boost in investor sentiment after the US Federal Reserve forecasted two rate cuts this year. The Sensex jumped 899 points, or 1.2 percent, to close at 76,348, while the Nifty 50 index gained 283 points, or 1.2 percent, to end at 23,191. This marks the fourth consecutive day of gains for both indices, their longest winning streak since January end. The total market capitalization rose by ₹3.6 trillion to ₹408.6 trillion, with a weekly gain of ₹17.4 trillion. From recent lows, the benchmark indices have rebounded more than 5 percent. T
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