Sensex, Nifty Close Higher Amid Hopes of US Fed Rate Cut and Renewed US-India Trade Talks

Mumbai, September 11 – The benchmark equity indices of the stock market, Sensex and Nifty 50, closed higher as the market received some positive signals in anticipation of a potential US Federal Reserve rate cut, and the reports of an upcoming meeting between the US President and the Indian Prime Minister. The market also welcomed optimism around the latest updates on the resumption of US-India trade talks.

The Sensex closed with a gain of 124 points at 81,548.73 (0.24% higher than the previous day), and the Nifty 50 closed at 25,005.30 points (0.13% higher than the previous day’s close).

Intraday Trend

There was a strong rebound by both indices, with the Sensex rebounding by more than 400 points from the day’s low. Nifty also reclaimed the 25000 and stayed over it at the closing bell, showing strong market sentiment and resilience.

Key Drivers

Some of the key drivers of the rebound, as underlined before, include the resumption of US-India trade talks and the expectation of the US Federal Reserve policy that provides for rate cut announcements. Additionally, Asian peers such as Kospi, Nikkei 225, and SSE Composite traded higher, and crude prices remained soft with Brent at USD 67.44 per barrel.

Sector & Stock Highlights

Shriram Finance, NTPC, Adani Enterprises, Power Grid, and Axis Bank led the rally, gaining up to 3% intraday. Market breadth also stayed positive with nearly 2,000 stocks advancing on the exchanges.

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