The US Fed announced a rate cut of 75 basis points to 3.5 per cent on Tuesday and gave indications that it will lower rates further.
Index majors NTPC, BHEL, Reliance Reliance Energy, Reliance Communications and HDFC, DLF, TCS, SBI and Bajaj Auto have zoomed.
However, the market breadth is negative - out of 2,379 stocks traded, 1,331 have declined, 1,016 have advanced and 32 are unchanged.
What do you think of this situation? Do you think the worst is over for the Indian markets? What would be your advice to investors?
Tell us your views!