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Indian shares rise after Fed holds rates steady; earnings-led gains boost optimism
Indian shares rose on Thursday, rebounding from a recent drop, as the US Federal Reserve held interest rates steady as expected and upbeat quarterly earnings lifted the benchmark indexes. The benchmark Nifty 50 rose 1.1% to 22,936.75 and the BSE Sensex added 1.2% to 74,151.04. The indexes had lost about 2% each in the previous seven sessions, dropping in six of them, weighed down by elevated crude oil prices. Elsewhere, Asian shares wobbled as AI-related earnings announcements prompted wildly mixed responses. The Fed left interest rates unchangedon Wednesday, opting to delay any changes to bor...
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