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Stocks At New Highs As Fed Signals Three Cuts In 2024

December 15, 2023

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Mint Mumbai

Technology stocks lead rally; FPI net inflows touch 39,260 crore in December

- Nehal Chaliawala & Ram Sahgal

Stocks At New Highs As Fed Signals Three Cuts In 2024

India's benchmark stock indices rallied to fresh highs on Thursday after the US Federal Reserve brought the curtains down on interest rate hikes and indicated the possibility of three rate cuts in 2024.

BSE's 30-stock Sensex jumped 929.60 points or 1.34% to close at 70,514.2 points. Though the index had crossed the 70,000 mark during Monday's trading, this was the first time it ended the session above the milestone figure. The National Stock Exchange's (NSE's) Nifty 50 index rose 1.23% or 256.35 points to close at an all-time high of 21,182.7, after touching an intra-day peak of 21,210.9.

IT companies were the top gainers, led by Infosys, Tech Mahindra and LTI Mindtree, all of which ended the session with gains of over 3.5% each.

المزيد من القصص من Mint Mumbai

Mint Mumbai

Indian firms in crisis mode as conflict in Gulf spirals

Indian companies with operations in West Asia spent the weekend tracking their employees and gauging the impact on their businesses as the US-Israel strikes on Iran escalated the conflict, freezing movement from outside and within the region.

time to read

2 mins

March 02, 2026

Mint Mumbai

Mint Mumbai

Khamenei dead; war widens

US-Israeli airstrike kills Iran's supreme leader. President Masoud Pezeshkian calls it \"declaration of war against Muslims

time to read

3 mins

March 02, 2026

Mint Mumbai

Mint Mumbai

Tiny listings fail at big-league pivot

India’s once busy SME-to-mainboard migration route has slowed sharply.

time to read

2 mins

March 02, 2026

Mint Mumbai

Mint Mumbai

THE RISE OF THE YIELD-GENERATING VILLA

A clutch of full-service platforms is helping owners turn their holiday villas into income-generating assets

time to read

9 mins

March 02, 2026

Mint Mumbai

Mint Mumbai

Cognizant CEO gets a deal he won for Infy

A multiyear deal of more than $300 million from Daimler Trucks that Cognizant Technology Solutions Corp. snatched from Infosys Ltd last week has one common thread: Ravi Kumar.

time to read

2 mins

March 02, 2026

Mint Mumbai

Mint Mumbai

Oil lines blocked, India eyes options

India's crude oil refiners are scouting for new supply sources after Iran's historic announcement of the closure of Strait of Hormuz, three people aware of the development said.

time to read

3 mins

March 02, 2026

Mint Mumbai

Mint Mumbai

Mittal unveils succession plan for Bharti

Bharti Enterprises founder and chairman Sunil Bharti Mittal has said that members of the next generation of the Bharti family will become more visible 'at the shareholders'table' in the coming years, signalling a gradual succession plan within the group.

time to read

3 mins

March 02, 2026

Mint Mumbai

Mint Mumbai

Is New York under Mamdani bent on overtaxing residents?

Expanded city services come at a cost voters may not understand

time to read

3 mins

March 02, 2026

Mint Mumbai

IS INSTITUTIONAL INTEGRITY IN INDIA UNDER THREAT?

This is a deep-rooted conspiracy.

time to read

3 mins

March 02, 2026

Mint Mumbai

Mint Mumbai

STCG: Does basic exemption limit apply?

I started investing in equities in 2025 and recently sold some shares, booking a small gain.

time to read

2 mins

March 02, 2026

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