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sensex today: Rs 3 lakh cr added! Sensex soars 900 points to fresh high as Fed rate cut hope triggers rally

The Federal Reserve held interest rates steady for a third meeting and gave its clearest signal yet that its aggressive hiking campaign is finished by forecasting a series of cuts next year. Officials unanimously decided to leave the target range for the benchmark federal funds rate at 5.25% to 5.5%, the highest since 2001. Policymakers penciled in no further interest-rate hikes in their projections for the first time since March 2021, based on the median estimate.
United States Hong Kong Deven Mehata Santa Claus Nifty Bank Research Analyst At Choice Broking

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