Market today: US Fed rate cut, Wall Street at record, Swiggy, ACME IPO eyed

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Market today: US Fed rate cut, Wall Street at record, Swiggy, ACME IPO eyed - Business Standard

Quick Summary:

Wall Street closed at record levels on Thursday, after the US Fed cut interest rate by 25 bps.

At the last count, China's mainline CSI 300 was up 1.12 per cent, and Japan's Nikkei was up 0.49 per cent.

The daily momentum indicator has a positive crossover which is a buy signal and the Nifty is trading around the key hourly moving averages i.e.around support which makes it a buy setup.