Vikrant Shekhawat : Sep 19, 2024, 10:24 AM
Share Market Today: The US Federal Reserve has cut interest rates by 0.50 percent, which has led to a boom in the Indian stock market. This cut has been made for the first time in the last four years, and has awakened a new ray of hope among investors.Indian stock market openingToday, on Thursday, the Indian stock market started with a positive gain. The BSE Sensex opened with a gain of 410.95 points at 83,359.17, while the NSE Nifty is trading at 25,487.05 with a gain of 109.50 points. In early trade, the Sensex saw a jump of 600 points, reaching 83,563.Increase in investors' wealthThe total market cap of companies listed on the BSE has increased by Rs 3.09 lakh crore to Rs 4,70,82,827.84 crore. This means that there has been a huge increase in investor wealth in just one day, which is a positive sign for the Indian economy.Good news from AmericaThe Federal Reserve in the US has decided to cut interest rates while keeping inflation under control. Due to this, interest rates in the US have come down to between 4.75% and 5%. This decision will encourage investment in emerging markets, especially in countries like India.Possible impact on IndiaThe Federal Reserve has indicated that interest rates can be cut by a total of 100 basis points this year. If this process continues, then in India too, the central bank RBI may decide to reduce interest rates. Experts believe that a cut of 25 basis points is possible before March 2025, which will make borrowing cheaper and provide relief to consumers.ConclusionThis positive news from America has infused enthusiasm in the Indian stock market. Investors hope that more positive steps will be taken in this direction, which will not only strengthen the market but will also accelerate economic growth. Such policies will not only lead to growth of companies but will also provide economic benefits to the general public.