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Markets rise on Fed rate cut, Nifty hits all-time high
The Morning Standard
|September 20, 2024
DOMESTIC equity market benchmarks BSE Sensex and NSE Nifty50-opened on Thursday at a record high level, up 1% each from the previous session closing, after the Federal Reserve decided to lower interest rates by 50 basis points (bps).
The market, however, failed to sustain the momentum and gave up much of the gain over growing economic slowdown concerns in the US.
This story is from the September 20, 2024 edition of The Morning Standard.
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