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Indian Equities Rise on Thursday as Softer US Inflation Boosts Rate Cut Hopes
Thursday, January 16, 2025       18:42 WIB

January 16, 2025 at 05:49 am EST
(MT Newswires) -- Indian equity markets extended gains on Thursday, driven by optimism over softer inflation in the US, which bolstered hopes for rate cuts.
The BSE Sensex and NSE Nifty 50 tracked global markets that turned positive after US core inflation for December 2024 rose less than expected. This increased the likelihood of more US Federal Reserve rate cuts, potentially sooner than previously anticipated.
At the close, the Sensex gained 318.74 points, or 0.4%, to 77,042.82, while the Nifty 50 advanced 98.60 points, also 0.4%, to 23,311.80.
HDFC Life Insuranceemerged as Thursday's top gainer, with shares jumping 7%, followed by Bharat Electronics and SBI Life Insurance.
Conversely, Trent ), Dr. Reddy's Laboratories (), and Tata Consumer Products were the top losers.
Sector-wise, public sector banking stocks led the gains in the domestic indices.
In corporate news, Delhiverylaunched Rapid Commerce, a two-hour delivery service for brands, according to a Thursday filing with the Indian stock exchanges.
Meanwhile, Shalby has launched a new tissue and bone bank at Krishna Shalby Hospital in Ahmedabad, India, according to a Thursday filing with the Indian bourses.

Sumber : MT Newswires

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