Market Update at 10:30 AM: Indian equities traded higher on Thursday, supported by gains in information technology stocks, after the U.S. Federal Reserve reduced interest rates by 0.25 percentage point to strengthen the labour market in the world’s largest economy.

The Nifty 50 index rose 0.36 per cent to 25,420.85, while the BSE Sensex climbed 0.42 per cent to 83,048.35 as of 09:51 a.m. IST. Market participation remained broad, with 14 out of 16 sectors advancing. The IT index , which derives a large share of revenue from the U.S., gained as much as 1.3 per cent.

Meanwhile, Small-Cap and Mid-Cap indices each advanced by about 0.4 per cent, extending their positive momentum. Market experts noted that lower U.S. interest rates often make emerging markets like India more at

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