Pre-Market Update at 7:45 AM: On Thursday, September 18, Indian equity benchmark indices Sensex and Nifty 50 are expected to open higher, extending the previous day’s rally. The momentum comes after the US Federal Reserve announced a 25-basis-point cut, bringing its benchmark rate to 4 per cent–4.25 per cent. At 7:17 AM, the GIFT Nifty traded near 25,500, up by 77 points, indicating a positive start for Indian markets.

The Federal Reserve highlighted labour market stress as the main factor behind the rate cut and signalled that future moves would depend on economic data. Fed Chair Jerome Powell stressed that employment risks have become more significant than inflation, though inflation monitoring continues. The Fed projected two more quarter-point cuts later this year. US markets reac

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