Indian indices rebound as US Federal Reserve holds rates steady

  • Stock Market News
Indian indices rebound as US Federal Reserve holds rates steady
Credit: © Reuters.

Indian benchmark indices, Nifty and Sensex , experienced a notable recovery Thursday, following previous losses. The rebound was fueled by several positive factors, including the decision of the US Federal Reserve to hold interest rates steady, alongside a decline in US bond yield and oil prices.

The Nifty index rose above 19,100 points while the Sensex closed at 64,080.90 points. This upward trend was further bolstered by a range of sectors including metal, capital goods, FMCG, power, oil & gas, and realty which each saw growth between 1-2%.

The BSE Midcap and smallcap indices also followed suit with a rise of one percent each. Among the top gainers were Britannia Industries (NS: BRIT ), Hindalco Industries (NS: HALC ), IndusInd Bank (NS: INBK ), Apollo Hospitals (NS: APLH ), and Eicher Motors (NS: EICH ). Conversely, stocks such as Vodafone (NASDAQ: VOD ) Idea, REC (NS: RECM ), and Power Finance (NS: PWFC ) underwent a long build-up.

Despite experiencing a short build-up in Hero MotoCorp (NS: HROM ) and losses for Bajaj Auto (NS: BAJA ) and Bajaj Finance (NS: BJFN ), approximately 170 stocks reached their 52-week high. This includes Macrotech Developers (NS: MACE ), Oberoi Realty (NS: OEBO ), Colgate (NS: COLG ) Palmolive, and Esab India (NS: ESAB ).

This revival in the Indian market comes after a period of losses and demonstrates the influence of global economic factors such as US Federal Reserve decisions on emerging markets like India.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or


Related Articles