Domestic equity market indices, Sensex and Nifty, rose on Thursday after the US Federal Reserve reduced its key benchmark rate by 25 basis points (bps) and indicated more cuts in this year.

The BSE’s 30-share Sensex gained 0.5 per cent, or 415.21 points, to open at 83,108.92, while the broader Nifty rose 0.43 per cent, or 110.8 points, to start the session at 25,441.05.

The Federal Open Market Committee (FOMC), the Fed’s key rate setting panel, on Wednesday, lowered the interest rate by 25 bps to 4-4.25 per cent, marking the first cut in the calendar year 2025. The Fed officials also signalled two more quarter-point rate cuts in the current year. The US central bank’s decision comes ahead of the Reserve Bank of India’s (RBI) monetary policy meeting, scheduled from September 29 to October

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