BUSINESS

Sensex jumps over 700 points as US Fed sticks to rate cut plan

  • Updated Thursday Mar 21 2024

Sensex jumps over 700 points as US Fed sticks to rate cut plan

Benchmark stock market indices opened higher on Thursday, tracking strong global cues after the US Federal Reserve stuck to its plan of cutting interest rates three times this year.

The S&P BSE Sensex jumped 711.96 points to 72,813.65 at 10.10 am, while the NSE Nifty50 rose 223.50 points to 22,062.60.

The domestic-focused broader market indices also jumped sharply amid a massive drop in volatility on Dalal Street.

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