Sensex jumps 440 points in early trade tracking firm global peers
The Hindu
Sensex updates on September 20, 2024
Domestic equity indices Sensex and Nifty climbed in early trade on Friday (September 20, 2024) tracking a rally in global markets after the US Federal Reserve cut its benchmark interest rate after more than four years.
The 30-share BSE Sensex jumped 439.75 points to 83,624.55 in early trade. The NSE Nifty climbed 132.05 points to 25,547.85.
From the 30 Sensex firms, JSW Steel, Tata Steel, Mahindra & Mahindra, Larsen & Toubro, Bajaj Finserv and Maruti were the biggest gainers.
NTPC, Titan, Tata Motors, Asian Paints, Tech Mahindra and Axis Bank were among the laggards.
In Asian markets, Seoul, Tokyo and Hong Kong were trading in the green while Shanghai traded lower.
The US markets ended remarkably higher on Thursday.
"The Dow and S&P 500 setting yet another record highs yesterday is indicative of the strength of this ongoing global bull run led by the mother market US," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
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