Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US Fed rate cut to Wall Street crash
Live MintIndian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open lower on Thursday echoing a slump in global markets after the US Federal Reserve trimmed expectations for interest rate cuts next year. Gift Nifty Today Gift Nifty was trading around 23,935.00 level, a discount of nearly 320 points from the Nifty futures’ previous close, indicating a gap-down start for the Indian stock market indices. Wall Street US stock market ended sharply lower on Wednesday after the Fed cut rates but disappointed with projections that signaled a more cautious path of easing next year. US Fed Rate Cut The US Federal Reserve slashed the benchmark interest rate by 25 basis points to 4.25% - 4.50%, broadly in line with Wall Street estimates.