Wall Street stocks hit record highs as the Federal Reserve cut interest rates to support the labor market. Dow rose 1.3%, S&P 500 1.7% and Nasdaq 2.5%. Nike replaces CEO John Donahoe with Elliott Hill,

Sensex fell by 398 points to close at 81,523 on Wednesday, while the Midcap index declined by 101 points to 58,938, and the Nifty Bank index dropped 262 points to 51,010.

Jerome Powell-led FOMC reduced the policy rate by 50 bps for the first time in four years after leaving the benchmark rate elevated at the 23-year high mark for eight consecutive meetings since July 2023.

On another quiet day for the markets, both the benchmark indices—Sensex and Nifty—held their ground, giving Nifty bulls some breathing room. While the overall market showed little movement, investors remain on edge,

Indian benchmark equity indices closed on a strong note on Thursday, with the Nifty hovering around 25,400. Gains in the banking, FMCG, and real estate sectors pushed the index up. In addition, the Federal Reserve's more significant-than-expected rate cut boosted global stocks,

The Indian equity benchmarks resumed their up move on Thursday after a day's pause in the previous session after the US Federal Reserve surprised global markets with first rate cut in four years which was larger than expected.