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Fed rate cut hope triggers rally in equity market

The New Indian Express

|

August 17, 2024

ON the back of strong global cues, the Indian equity market rallied sharply on Friday with the benchmarks - BSE Sensex and NSE Nifty50 - surging nearly 2% each.

- ARSHAD KHAN

Fed rate cut hope triggers rally in equity market

The Sensex added 1330.96 points, or 1.68%, to close at 80,436.84, while the Nifty50 advanced 397.40 points, or 1.65% to settle at 24,541.15.

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