Stock Market
Investors rejoice! Sensex explodes 300 points, Nifty smashes past 25,950!
Mumbai/IBNS: The Indian stock market opened on a strong note on Friday, with the BSE Sensex and NSE Nifty surging in the first hour of trade, media reports said.
The Sensex rose by nearly 300 points, while the Nifty crossed 25,950 shortly after the opening bell.
In the broader market, the Nifty MidCap index gained 0.76 percent and the Nifty SmallCap climbed 0.74 percent.
The rally came after the US Federal Reserve announced a 25-basis-point rate cut, boosting global investor sentiment.
The upswing continued despite the rupee hitting a record low and the India-US trade deal remaining unresolved.
The market movement also followed Prime Minister Narendra Modi’s “warm” phone call with US President Donald Trump on Thursday.
According to an official readout, both leaders reviewed progress in bilateral ties and discussed strengthening cooperation in trade, critical technologies, energy, defence, and security.
They also expressed satisfaction with the trajectory of the partnership and stressed the need to maintain
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