Stock Market Updates: Sensex Reclaims 83,000 Mark, Nifty At 25,420 On Fed's Rate Cut; IT Stocks Shine

Sensex Today: Indian equity benchmarks opened higher on Thursday, tracking global optimism after the US Federal Reserve cut interest rates by 25 basis points to 4-4.25 per cent.

The BSE Sensex jumped 415.21 points at the open to reclaim the 83,000 mark, starting the session at 83,108.92. The NSE Nifty50 climbed 110.8 points to 25,441.05.

On the BSE, Infosys, HCLTech, and Tech Mahindra led the gains,

while Bajaj Finserv, Bajaj Finance, and Tata Steel were among the top laggards. On the NSE, Infosys, Wipro, and HCLTech advanced the most, whereas Bajaj Finance, Apollo Hospitals, and Hindalco slipped.

Broader markets also mirrored the positive sentiment, with both the Nifty MidCap 100 and Nifty SmallCap 100 indices up 0.3 per cent each. Sectorally, IT stocks outperformed, with the Nifty IT index rising over 1 per cent in early trade.

Shrikant Chouhan, Head Equity Research, Kotak Securities, said: “On a technical basis, the indices could move towards 25,400–25,500/83,000–83,200 on the upside, while below 25,100/82,000 traders may consider exiting long positions. For day traders, the strategy is to buy on intraday dips around 25,275 and 25,200 with a stop loss at 25,100. For the Nifty Bank, buying is advisable between 55,200 and 55,100 with a stop loss at 54,900, while resistance lies at 55,750 and 56,000.”