The Indian stock market snapped its three-day losing run to end with healthy gains on Thursday, December 11, after the US Federal Reserve cut interest rates by 25 basis points and signalled one more rate cut next year, which drove the dollar index down by 0.25% during the session.
The Sensex closed 427 points, or 0.51%, higher at 84,818.13, while the Nifty 50 settled at 25,898.55, up 141 points, or 0.55%. The market witnessed broad gains as the BSE Midcap and Smallcap indices also rose by 0.79% and 0.51%, respectively.
Investors earned about ₹2.6 lakh crore in a single session as the overall market capitalisation of BSE-listed firms rose to ₹466.6 lakh crore from ₹464 lakh crore in the previous session.
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