Markets Rally on US Fed Rate Cut; Infosys and Wipro Among Top Gainers

Sensex, Nifty Rise as US Fed Cuts Rates; IT, Banking Stocks Lead.

Indian equity markets extended their winning streak on Thursday after the US Federal Reserve cut interest rates by 25 basis points to 4–4.25%, boosting global sentiment. The Sensex gained over 350 points to trade above 83,000, while the Nifty50 crossed 25,400. Broader indices also advanced as volatility remained muted.

Dr. VK Vijayakumar of Geojit Investments said the Fed’s “risk management” rate cut reflects uncertainty in economic activity and inflation. With India’s earnings revival and positive India–US trade talks, domestic markets are expected to remain bullish.

Nifty50 added 91 points on Wednesday, marking gains in 11 of the last 13 sessions. Analysts see support near 25,150 and resistance at 25,550–25,670, with tech and banking stocks leading the charge.