US Fed Rate Cut Boosts Market: Will the Big Gains Continue?
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The US Federal Reserve cut interest rates by 50 basis points on 19 September 2024, leading to record highs for India's Sensex and Nifty indices, with Sensex surpassing 83,700 and Nifty reaching 25,611. Analysts express optimism but caution over mixed US economic data and high domestic valuations. Unmesh Kulkarni from Julius Baer India notes that market sentiment will depend on global conditions, particularly the US economy's performance. Historical trends show that previous 50 basis point cuts often preceded recessions, but current inflation trends are stabilizing. Dr. V K Vijayakumar from Geojit Financial Services suggests the rate cut could lead to market consolidation with an upward bias. Analysts recommend focusing on sectors like banking, telecom, consumption, IT, and pharma for safety amid volatility.

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https://www.outlookbusiness.com/markets/us-fed-rate-cut-boosts-market-will-the-big-gains-continue