HCL Tech, HDFC Bank, Sun Pharma, Tata Motors stocks rise on US Fed rate cut

The other stocks made significant gain in the Indian markets on the day include MOIL, Cochin Shipyard, Avenue Supermarts.

Shares of MOIL climbed over 2 percent after the state-owned miner announced exports of manganese ore to Indonesia, a step that underscores its efforts to diversify markets and strengthen international presence.

Cochin Shipyard advanced nearly 2 percent on the back of a ₹2,000 crore contract from ONGC. The order win reinforced confidence in the shipbuilder’s strong order book and earnings outlook.

Avenue Supermarts, parent of the D-Mart retail chain, gained around 2 percent after brokerage firm UBS upgraded its price target. Analysts highlighted the company’s continued focus on value retailing and network expansion, which is expected to drive long-term growth.

Broader indices also participated, with small-cap and mid-cap shares rising about 0.4 percent, reflecting a pick-up in risk appetite.

Analysts noted that the Fed’s rate cut, combined with signals of further easing, boosted appetite for emerging market assets. Lower US rates tend to support capital flows into India, and a weaker dollar enhances the relative earnings potential of export-oriented firms. Stock-specific developments, such as order wins and brokerage upgrades, added momentum to the broader rally.