Market Outlook
Positive Opening Expected in Indian Markets Amid Global Optimism
The Indian stock market is poised for a positive opening today, as indicated by the trends in GIFT Nifty, signaling a gap-up start for the broader indices such as Sensex and Nifty 50. This optimism is in line with the higher trading in Asian markets, further boosting investor confidence.
Global Cues: US Markets Rally on Interest Rate Cuts
The surge in US markets has been a key driver of global bullish sentiment. On Thursday, the US stock market closed at record highs after the Federal Reserve made a significant move by cutting interest rates by 50 basis points, signaling the potential for further rate cuts in the future. Major indices saw notable gains, with the Dow Jones climbing by 1.26% to reach 42,025 points. The tech-heavy Nasdaq soared by 2.51% to close at 18,013.98 points, while the S&P 500 rose by 1.7%, closing at 5,713.64 points.
Indian Market Performance Yesterday
The Indian equity indices followed the global momentum yesterday, with both Sensex and Nifty closing in the green. On September 19, the Sensex added 236.57 points (+0.29%) to finish at 83,184.80, while the Nifty rose by 38.25 points (+0.15%) to settle at 25,415.80.
The markets are expected to continue this positive trend, buoyed by favorable global cues and a more accommodative stance from the US Federal Reserve.
