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Live: Fed sees 3 rate cuts in 2024; Dow hits new high| Sushil Kedia’s market outlook| Opening Bell

Sensex and Nifty are likely to open gap-up as trends in the GIFT Nifty indicates a strong start for the broader index with a gain of 146 points. The market closed with moderate gains on March 20 after a choppy session, as investors remained cautious ahead of the Federal Open Market Committee (FOMC) meeting outcome. The market failed to hold on to the opening gains and gyrated between gains and losses throughout the day but buying in auto and energy names helped the benchmark indices close higher. At close, the Sensex was up 89.64 points or 0.12 percent at 72,101.69, and the Nifty was up 21.60 points or 0.10 percent at 21,839.10 on March 20. Wall Street's main stock indexes closed higher on Wednesday after the Federal Reserve eased investor jitters by keeping borrowing costs unchanged and reinforcing expectations that rates could be cut as many as three times this year. Catch Nandita Khemka in conversation with Peter Mcguire, CEO, XM Australia, Chandan Taparia, Senior VP, Head - Derivatives & Technical Research, Motilal Oswal. Also joining us is a big market voice - Sushil Kedia, Founder, Kedianomics with his outlook on where the Nifty is heading and his top bets.

first published: Mar 21, 2024 09:21 am