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Nifty ends higher for fourth straight session

20 Mar 2025 Evaluate

Indian equity benchmark index -- Nifty -- ended higher for fourth straight session on Thursday, as US Federal Reserve kept interest rates steady and shown some possibility of rate cuts by the end of this year. Index made gap-up opening amid positive cues from Asian counterparts, and valued buying in IT and Tech sectors stocks. Sentiments remained positive as Commerce Minister Piyush Goyal proposed that India and the four-nation alliance ‘Mercosur’ could explore signing bilateral free-trade agreements. He said expanding the preferential trade agreement with the Mercosur nations as its key for India to increase its trade in the South American region. 

Market continued firm trade through the day and closed above 23,150 mark, as Fed Chair Jerome Powell softened inflation concerns, highlighting that tariff driven price hikes are expected to be temporary, despite the ongoing risks posed by tariffs. Also, the State of Economy report released by the Reserve Bank of India (RBI) stated that easing inflation might help India to counter the headwinds from trade tensions and uncertainty about the global economy.

All sectorial indices ended in green. The top gainers from the F&O segment were Bharat Forge, The Phoenix Mills, and Max Healthcare Institute. On the other hand, the top losers were KEI Industries, Polycab India and One 97 Communications. In the index option segment, maximum OI continues to be seen in the 23900 - 24100 calls and 22900 - 23100 puts indicating this is the trading range expectation.

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