Sensex, Nifty climb in early trade amid positive global cues
4 weeks, 2 days ago

Sensex, Nifty climb in early trade amid positive global cues

The Hindu  

Equity market benchmark indices Sensex and Nifty climbed in early trade on Thursday driven by buying in IT stocks amid a firm trend in the global peers after U.S. CPI inflation came on expected lines fuelling bets of a 25 basis point rate cut by the Federal Reserve next week. The 30-share BSE benchmark Sensex climbed 83.73 points to 81,609.87 in early trade. “Positive cues come from the U.S., where CPI inflation aligned with expectations, fuelled bets of a 25 bps rate cut by the Federal Reserve on December 18,” Prashanth Tapse, Senior VP, Mehta Equities Ltd, said. "Even though the US CPI inflation in November at 2.7% has come a bit above the October numbers, this was on expected lines and, therefore, the expectation of a 25 bps rate cut by the Fed is intact," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

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