Indian Shares Snap Three-Session Losing Streak in Broad Rally Following Federal Reserve Rate Cut
Indian equities surge 0.5% post-Fed cut amid record rupee weakness
Insights:
Indian benchmark indices staged a broad-based recovery on Thursday, December 11, as the Federal Reserve's 25-basis-point rate cut injected fresh optimism into markets following a three-session decline. The Nifty 50 climbed 0.55% to 25,898.55, while the BSE Sensex advanced 0.51% to 84,818.13, reversing losses of approximately 1.6% accumulated over the previous three trading days.
The rally proved remarkably broad, with fifteen of sixteen major sectors posting gains. Small-cap and mid-cap indices outperformed, rising 0.8% and 1.0% respectively, signaling renewed risk appetite among investors. Financials and information technology sectors rebounded 0.6% and 0.8% after shedding 1.7% and 2.4% respectively during the prior three sessions.
