After the Federal Reserve cut interest rates, the stock market has made an all-time high for the second consecutive day today i.e. on September 19. During trading, the Sensex touched the level of 83,773 and the Nifty touched the level of 25,611.
Currently, the Sensex is trading at the level of 83,200 with a gain of more than 200 points. Nifty is also up by 50 points and is trading at the level of 25,400. Energy, FMCG and auto stocks are trading higher today.
The Federal Reserve cut interest rates more than expected
The Federal Reserve has reduced interest rates for the first time in four years. It was expected that the Federal Reserve would cut interest rates by 25 basis points, but it has announced a more than expected 50 basis point cut in interest rates. This has supported the market.
Japan's Nikkei rose 2.49%
- There is a rise in the Asian market today. Japan's Nikkei is up 2.49% and China's Shanghai Composite is up 0.49%. Hong Kong's Hang Seng is also up 1.27%.
- On September 18, the Dow Jones of the US market closed at 41,503, down 0.25%. The Nasdaq closed at 17,573, down 0.31%. The S&P 500 fell 0.29%.
- According to NSE data, foreign investors (FIIs) sold shares worth Rs 10,500 crore on September 18. During this period, domestic investors (DIIs) also bought shares worth Rs 11,794 crore.
Today is the last day of 3 IPOs Today is the last day to bid for the IPO of Arcade Developers, Western Carrier and Northern Arc. The shares of all three companies will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on September 24.
Yesterday the market made an all time high Due to this, yesterday i.e. on 18th September, Sensex made a new all-time high of 83,326 and Nifty of 25,482. However, later the market declined and the Sensex closed at 82,948 with a decline of 131 points. At the same time, Nifty also fell by 41 points, it closed at 25,377.
Graphics Source: VaskarAssets
