Indian shares rise after Fed holds rates steady; earnings-led gains boost optimism

Indian equities advanced on Thursday, with the Nifty 50 gaining 1.1% to 22,936.75 and the BSE Sensex rising 1.2% to 74,151.04. Business Recorder reported that stronger quarterly results and the US Federal Reserve’s decision to keep interest rates unchanged helped lift sentiment. The gains followed a seven-session period in which both benchmarks had fallen about 2%.

Fifteen of India’s 16 major sectors finished higher, while small-cap and mid-cap shares each added 1%. Financial stocks climbed 1.2% and information technology shares rose 1%; Adani Ports gained 6.3% after reporting higher quarterly profit and raising its operating-profit forecast, while Adani Enterprises advanced 5.2% on earnings. Brent crude slipped 0.8% to $114.4 a barrel, as investors assessed risks to regional supplies from Middle East conflict.