Sensex Surges Over 700 Points Following US Federal Reserve's Decision
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Indian stock indices showed strength on Thursday following a global surge in stock markets, prompted by the US Federal Reserve’s decision to maintain its projection of three rate cuts this year during its latest monetary policy review meeting. The Sensex jumped 743.95 points or 1.03% to 72,845.64 in early trade. NTPC and IndusInd Bank were the top gainers, up by 3%. The positive impact on India's stock market is attributed to the anticipation of a rate cut, which has been awaited for nearly a year. Foreign Institutional Investors (FIIs) have been selling Indian stocks, but Domestic Institutional Investors (DIIs) have been buying, resulting in a favorable trend for the DIIs. Asian shares bounced and gold prices and Japan's Nikkei jumped to record highs in response to the Fed's indication th...
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