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Stock markets rally for 2nd day amid US trade talk optimism, Fed rate cut hopes

Mumbai, Sep 17 (PTI) Benchmark indices Sensex and Nifty rose for the second day on Wednesday on buying in IT, banking, and auto shares by investors enthused by positive day-long discussions with the visiting US team on a bilateral trade deal. The 30-share BSE Sensex edged higher by 313.02 points or 0.38 per cent to settle at 82,693.71. During the day, it jumped 361.26 points or 0.43 per cent to 82,741.95. The 50-share NSE Nifty climbed 91.15 points or 0.36 per cent to 25,330.25. Growing expectations of a rate cut by the US Federal Reserve and positive US-India discussions on

Federal Reserve wrestles with how many interest rate cuts to make and how fast

WASHINGTON, September 17, 2025 (AP) — With the Federal Reserve widely expected Wednesday to reduce its key interest rate by a quarter-point to about 4.1%, economists and Wall Street investors will be looking for signals about next steps: How deeply might the Fed cut in the next few months? There are typically two different approaches the central bank takes to lowering borrowing costs: Either a measured pace that reflects a modest adjustment to its key rate, or a much more rapid set of cuts as the economy deteriorates in an often-doomed effort to stave off recession. For now, most economists

First consignment of hilsa fish from Bangladesh reaches India

Kolkata, Sep 17 (PTI) The first consignment of hilsa fish has reached the India-Bangladesh border from the neighbouring country, with eight trucks carrying around 32 tonnes of the popular fish ahead of Durga Puja festivities. Bangladesh had recently approved the export of 1,200 tonnes of hilsa to India for the festive season, with the shipment window fixed between September 16 and October 5. Each truck is loaded with around four tonnes of fish from the Padma river. “The consignment will arrive in Kolkata’s wholesale markets by Wednesday night,” Fish Importers’ Association Secretary Syed Anwar Maqsood said. He said a one-kg

Gold, silver futures retreat from record highs on profit booking as Fed rate decision looms

New Delhi, Sep 17 (PTI) Gold and silver prices eased from their record highs in futures trade on Wednesday as traders booked profits at elevated levels, dragging both precious metals into negative territory ahead of the keenly awaited US Federal Reserve monetary policy outcome. On the Multi Commodity Exchange (MCX), gold futures for October delivery fell Rs 259 or 0.24 per cent to Rs 1,09,897 per 10 grams, as investors trimmed their positions after the yellow metal touched a lifetime high of Rs 1,10,666 per 10 grams on Tuesday. Similarly, the December contract for gold futures declined Rs 232 or

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