Sensex, Nifty set to open higher; GIFT Nifty future up 50 pts

Share Market, NSE Nifty, BSE Sensex, Global Markets; Wall Street, Asian Stocks: Domestic equity benchmarks Sensex and Nifty are likely to start today’s (September 20) session on a positive note. Around 7:30 am, GIFT Nifty futures, the primary benchmark of the 50-share index, was up 57.90 points or 0.23 percent at 25,547 before the opening bell on Dalal Street.

Global market shares rally; Wall Street records new highs

Major indexes hit record highs in the US stock market after the Federal Reserve cut interest rates by 50 basis points. The Dow Jones index topped 42,100 for the first time, while the S&P 500 hit a record high of 5,724, up 100 points, and the Nasdaq ended up 2.51 percent.

Here’s how the global indices fared:

• The Nasdaq ended at 18,013.98, up 440.68 points or 2.51 percent.
• The S&P 500 rose 95.38 points or 1.70 percent to 5,713.64
• Japan’s Nikkei 225 rose 756.63 points or 2.04 percent to 37,911.96
• South Korea’s KOSPI rose 25.66 points or 1% to 2,606

A summary of the previous session

On Thursday, September 19, 2024, both the domestic indexes ended higher, with the Sensex ending at 83,184.80, up 236.57 points or 0.29 percent while the basket of 50 shares (NSE Nifty50) closed at 25,415.80, up 38.015 or 38.25 percent During that period, financial and FMCG sector stocks like HDFC Bank, and HUL were the biggest gainers. While IT sector stocks were the biggest losers. Here’s a look at the session’s biggest winners and losers:

The most profitable

Top losers