Sensex Today: Benchmark indices ended a range-bound session with a positive bias on Thursday, a dy after the US Federal Reserve kept key interest rates unchanged at 5.5 per cent.
The S&P BSE Sensex closed at 74,611, up 128 points or 0.17 per cent, while the Nifty50 ended at 22,648, up 43 points or 0.19 per cent.
In the broader markets, the BSE MidCap and SmallCap indices closed 0.9 per cent and 0.0.29 per cent, respectively.
Expert Take: Dr. V K Vijayakumar, Geojit Financial
As trading for May begins there are mixed cues for the market, but broadly positives outweigh negatives. The Fed commentary is cautious. The domestic cues are strongly positive. It appears that the market is discounting India’s growth outperformance. In April while the S&P 500 is down by 4.2%, Nifty is up by 0.7%. This outperformance can continue.
Global Cues
Asian stocks experienced a hesitant beginning on Thursday after the Federal Reserve hinted at potential delays in interest rate cuts. Concurrently, the dollar saw significant depreciation against the yen, with traders speculating on Japanese intervention.
On Wednesday, US stocks concluded with a mixed performance following the Federal Reserve’s decision to maintain its key interest rate, as anticipated. The Fed hinted that its next step is likely to be a rate cut, but cautioned that sustained progress on inflation is not guaranteed.
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