** Shares of U.S. retail companies rise after the U.S. Federal Reserve cut interest rates by 50 bps
** Shares of retailers including Macy's M.N, Bath & Body Works BBWI.N, Lowe's LOW.N, Home Depot HD.N and Best Buy BBY.N rise between 1%-3%
** Fed's rate cut comes at an opportune time for retailers, several of which plan to launch their holiday promotions in just a few weeks - Analyst Zak Stambor, eMarketer
** Apparel sellers such as Nike NKE.N, American Eagle AEO.N and Lululemon LULU.O also saw their shares rising 1.6%, 1.4% and 1.5%, respectively
** Luxury retailer's Ralph Lauren RL.N, Estee Lauder EL.N and Canada Goose GOOS.TO rise between 1% and 2%
** The S&P 500 Consumer Discretionary sector index .SPLRCD was up 1.89% at 1,577.76
(Reporting by Neil J Kanatt in Bengaluru)