US Fed rate cut: Asian equities, however, saw meaningful gains Thursday morning where Indian stock market hit fresh record highs
The uptick in Ion Exchange share price came after the company announced that it has secured an order worth Rs 161.19 crore from Adani Power.
Stock Market LIVE Updates: Indian equity benchmarks BSE Sensex and Nifty 50 were trading at elevated levels, after opening at record levels on Thursday, following the Fed's 50bps rate cut.
The surge in IT stocks was fuelled by the US Federal Reserve's decision to cut interest rates by 50 basis points, lowering the target range to 4.75 per cent to 5 per cent.
With Israel looking to carry out its offensive against Hezbollah to the next level, traders will monitor the evolving situation in Middle East closely for possibility of disruptions to oil supplies.
The combined market cap of Bharti Airtel (Rs 9.52 trillion) and Bharti Airtel's partly paid shares (Rs 49,526 crore) touched Rs 10.02 trillion in intra-day trade on Thursday.
The Sensex hit a new high at 83,774 in intra-day deals on Thursday; and has rallied 6% this quarter. Can the BSE benchmark rally another 7.4% to hit the 90K mark by year-end? Check key levels here.