Market rally continues for third day, Nifty above 25,400

The domestic share market ended higher on Thursday, with Sensex and Nifty logging a third straight day of gains after the U.S. Federal Reserve cut rates by 25 basis points to aid its labour market. Optimism was also driven by recent GST reforms and improving India-U.S. trade discussions.At close, the Sensex was up 320.25 points or 0.39 percent at 83,013.96, and the Nifty was up 93.35 points or 0.37 percent at 25,423.60. About 2019 shares advanced, 1962 shares declined, and 158 shares unchanged.
HDFC Life, Infosys, Eternal, Cipla, Sun Pharma were the top gainers on the Nifty, while losers included Coal India, Bajaj Finance, Trent, Tata Motors, UltraTech Cement.On the sectoral front, IT index up 0.8 percent, pharma index rose 1.5 percent, metal index was up 0.3 percent and private bank index rose 0.4 percent, while energy, media and Capital Goods indices shed 0.3 percent each.BSE Midcap index rose 0.3 percent and smallcap indices ended flat.
Rupee Close:
On 18 Sep'25,the Indian rupee depreciated 28 paise to close at 88.13  against the US dollar on Thursday, on a hawkish Fed and a bounce back in the US dollar.Forex traders said traders assessed the US FED outlook following a rate cut. The US FED reduced rates by a quarter point as expected and indicated that it will steadily lower borrowing costs for the rest of the year.Moreover, the rupee remained under pressure on worries over US tariffs on India and global trade uncertainties. Besides, sustained foreign fund outflows also dented investor sentiments.
Trading Guide:
Market experts recommended five stocks to buy on Thursday-India Pesticides, Welspun Enterprises, ideaForge Technology, Sansera Engineering, and Shivalik Bimetal Controls.

(Business Correspondent)