Stock market today: The reports of improvement in economic activities globally improved the Indian stock markets for the fourth consecutive day. The Fed Reserve has also announced its decision to cut rates twice in the near future, maintaining interest rates. After this, the Sensex reached 564.77 points after opening with a jump of over 450 points today. With this, the Sensex crossed the level of 76013.82 after a long period of 18 trading sessions.
The Nifty is also trading in a positive direction after crossing the level of 23000. It was trading at 10.28 am at 132.55 points at 230.15. Today 38 shares on Nifty 50 were trading in green and 12 shares in red mark. Bank Nifty was also trading up 177.70 points.
The US Federal Reserve did not change the interest rates yesterday and indicated that it would cut interest rates twice in 2025. However, he still wants to assess the risks of economic stability and inflation. Then the rate will be cut. This statement of the Fed Reserve created an atmosphere of happiness in the US stock market. Dow Jones rose 383.32 points and Nasdaq 246.67 points. A mixed trend was seen in Asian markets as China also kept interest rates unchanged.
Bounce in IT shares
The IT and Technology Index, which were unstable from the last four trading sessions amidst fears of Trump’s mutual tariff, have improved today. Both indices are trading with a gain of over 1 percent. The reason behind this bounce is an explanation given by the White House on the issue of mutual tariffs. Trump has said that we will not impose mutual tariffs on those countries who want to interact on tariffs and are willing to reduce tariffs. Also, it has not yet been clarified how this fee will be implemented. Therefore, just as Trump delayed the implementation of tariff policies on Canada and Mexico earlier, there may also be a delay in applying mutual tariffs.
