Indian shares rose on Friday, led by metals, as an outsized interest rate reduction by the U.S. Federal Reserve and the anticipation of a soft landing for the world's largest economy boosted risk appetite across global markets.

Sensex and Nifty hit fresh peaks on September 20. Take a look at all the factors leading the rally in the Indian market.

Benchmark equity indices Sensex and Nifty climbed to fresh record high levels on Thursday in line with firm global trends after the US Federal Reserve announced the first cut in policy rate in more than four years.

BENGALURU (Reuters) -Indian shares opened higher on Friday, led by metals, as an outsized interest rate reduction by the U.S. Federal Reserve and the anticipation of a soft landing for the world's largest economy boosted risk appetite across global markets.

The Nifty Metal index gained 1.5 percent in early trade, breaking a three-day losing streak, following Macquarie's upgrades on ratings and price targets for several major players in the metal sector.

Sensex and Nifty surged to record highs on Thursday following the US Fed's rate cut. The benchmark indices closed with minor gains, with NTPC, Nestle, and Titan leading the rally.

Benchmark equity indices Sensex and Nifty climbed to fresh record high levels on Thursday (September 19, 2024) in line with firm global trends after the U.S. Federal Reserve announced the first cut in policy rate in more than four years.

The US Federal Reserve's first rate cut since 2020 has shifted investor interest towards largecaps, with foreign inflows expected to rise in emerging markets like India. While Sensex and Nifty hit new peaks,