Stock Market Today: In global markets, most indices in Asia were down. Japan's Nikkei, Hong Kong's Hang Seng, South Korea's Kospi, and China's Shanghai Composite were all under pressure.

The market recovered after three days of declines due to the US Fed's rate cut, Sensex rose 427 points, find out how tomorrow will play out.

Stock Market News: The interest rate cut by the US Federal Reserve has had a clear impact on global markets. After a prolonged period of weak sentiment and three consecutive days of decline, the Indian stock market made a strong comeback on Thursday. The US Fed's balanced policy and a rate cut of 0.25 percent infused new energy into investors, due to which both Sensex and Nifty closed the trading with gains. The rise in the automobile and metal sectors was the most effective in the market, which strengthened the indices despite fluctuations throughout the day.

The 30-share BSE Sensex recovered from initial weakness and closed at 84,818.13, up 426.86 points or 0.51 percent. During trading, it slipped as low as 84,150.19, before reaching a high of 84,906.93. Similarly, the NSE Nifty gained 140.55 points or 0.55 percent to close at 25,898.55. The Nifty reached a high of 25,922.80 during the day, reflecting growing investor confidence.

Shares of these companies rose

The market rally was largely supported by strong performance from companies whose stocks performed well. Among the major Sensex gainers, Eternal, Tata Steel, Kotak Mahindra Bank, UltraTech Cement, Maruti Suzuki, Sun Pharma, HDFC Bank, Tech Mahindra, Tata Motors, Infosys, Mahindra & Mahindra, Reliance Industries, and HCL Tech were among the gainers. Strong demand, improved results, and sectoral strength propelled these companies higher. On the other hand, Asian Paints, Bajaj Finance, PowerGrid, ICICI Bank, Bharti Airtel, and Titan declined, highlighting the continued sectoral divergence in the market.

Analysts believe that the Fed's rate cut has given a new direction not only to the Indian market but also to global investment sentiment. According to Vinod Nair, Head of Research at Geojit Investments Ltd., the decline in US 10-year bond yields means that aggressive investment by foreign institutional investors may be less likely in the near future. However, in the short term, this move has brought relief to emerging markets. Furthermore, demand in India's auto sector was stronger than expected, which supported the overall market performance. The IT sector also gained due to expectations of increased spending.

What experts say

Globally, most Asian indices were down. Japan's Nikkei, Hong Kong's Hang Seng, South Korea's Kospi, and China's Shanghai Composite were all under pressure. Overvaluation of AI companies and rising bond yields in Japan negatively impacted regional market sentiment. European markets were bullish during afternoon trading, while US markets had strengthened on Wednesday.

Foreign institutional investors sold shares worth ₹1,651 crore on Wednesday, putting some pressure on the market. Meanwhile, domestic institutional investors stabilised the market with purchases worth approximately ₹3,752 crore. Brent crude, the international benchmark, fell 1.22 percent to $61.45 per barrel, a positive sign for the Indian economy.