Stock Market Live Updates: Sensex, Nifty trade strong post-Fed’s 50 bps rate cut; analysts expect continued consolidation

Sensex, Nifty, Share Prices LIVE: Indian benchmark indices, Sensex and Nifty, began the day strongly on Thursday following the US Federal Reserve’s anticipated 50 basis point rate cut. Analysts observed that the market had already priced in the rate cut, but expect ongoing consolidation. By 9:58 am, the BSE Sensex rose by 563.57 pointsto 83,515.10, while the Nifty 50 increased by 164.50 points to 25,542.05. Madhavi Arora from Emkay Global Research noted that the Fed’s surprise cut reflects its acknowledgement of having kept rates too high for too long. Despite the aggressive cut, Chair Powell emphasized a gradual easing pace, aiming for a soft landing rather than a recession. Kotak Mahindra’s Nilesh Shah remarked that the rate cut is expected to benefit emerging markets. Analysts suggest maintaining caution as global markets adjust to the Fed’s move.