Sensex, Nifty, Share Prices LIVE: The US Federal Reserve announced a much-anticipated 50 basis point rate cut, leading to expectations of flat opening in domestic markets. While analysts believe that the market has already factored in the rate cut, they anticipate a continued consolidation phase. Madhavi Arora, Economist at Emkay Global Research, stated that the Fed’s easing cycle began with a surprising 50 bps cut, emphasizing that the economy remains in good health. Managing Director of Kotak Mahindra AMC, Nilesh Shah, highlighted that the rate cut will facilitate flows to emerging market assets with a weaker dollar and lower rates. Equities across the Asia-Pacific region are mixed, with Japan stocks up around 2%, and Korea stocks down, while Australia and others ruling flat. The US stocks ended negatively post-announcement. Analysts expect the US Fed’s rate outcome to have a substantial impact on global markets and set the intermediate trend for the indices.
