Punjab Newsline | New Delhi
Indian stock market witnessed a strong rally on Thursday, October 29, with both benchmark indices trading in positive territory. The BSE Sensex surged over 500 points to trade at the 73,750 level, while the NSE Nifty gained around 150 points to reach 22,850.
Buying activity was particularly strong in information technology (IT), media and banking stocks, supporting the upward movement in the broader market.
The positive sentiment came amid developments in US monetary policy, with the US Federal Reserve keeping interest rates unchanged on Wednesday. The decision came as the central bank continued to assess inflation trends and awaited further economic data before making any changes to its policy stance.
The Federal Reserve maintained its benchmark interest rate at 4.00%, postponing any potential adjustment until after the upcoming US midterm elections, according to the information provided.
Investors are closely monitoring global economic developments and central bank policy decisions for further cues. The performance of IT, media and banking stocks, along with global market trends, is expected to remain in focus during the trading session.
