Stock markets experienced gains for the third consecutive day on Thursday, with the benchmark BSE Sensex rising by 320 points to close above the 83,000 mark. This surge followed the US Federal Reserve’s decision to lower its key interest rate by 25 basis points and indicate the potential for two additional rate cuts later this year.
The 30-share BSE Sensex increased by 320.25 points, or 0.39 percent, finishing at 83,013.96. During the trading session, it reached a peak of 83,141.21, up 447.5 points or 0.54 percent.
Similarly, the 50-share NSE Nifty also saw a positive trend, climbing 93.35 points, or 0.37 percent, to close at 25,423.60.
Among the prominent gainers in the Sensex index were Eternal, Sun Pharma, Infosys, HDFC Bank, HCL Technologies, Hindustan Unilever, Power Grid, ITC, and Adani Ports. On the other hand, Tata Motors, Trent, Bajaj Finance, and Asian Paints were noted as the laggards.
