Sensex, Nifty Climb After US Fed Rate Cut; IT Stocks Infosys and Wipro Lead Gains

Sensex, Nifty Extend Gains as US Fed Cuts Rates; IT and Banking Stocks Lead Rally.

Domestic equity markets extended their winning streak on Thursday, buoyed by positive global cues after the US Federal Reserve cut interest rates by 25 basis points, bringing the benchmark rate to 4–4.25%.

The S&P BSE Sensex rose over 350 points to trade above 83,000, while the NSE Nifty50 crossed 25,400 in early trade. Broader market indices also saw gains, with volatility remaining stable.

Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said, “The Fed described this 25 bp cut as a ‘risk management’ move, citing uncertainty in economic activity, unemployment, and inflation. With the labour market cooling and GDP growth projected at 1.6% for 2025, two more cuts are possible, even though policy isn’t on a preset path. Softening rates support continued market optimism.”

He added that Indian equities are unlikely to be directly impacted by the Fed decision. The ongoing rally is largely supported by expectations of earnings revival and positive developments in India–US trade negotiations.

On the domestic front, Nifty50 added 91 points to close at 25,330 on Wednesday, marking gains in 11 of the last 13 sessions and recovering over 900 points from its August 29 low of 24,404. Analysts see support near 25,150 and resistance around 25,550–25,670, with technology and banking stocks likely to lead further upside.