Business

Indian Equity Markets Start Strong Amid Anticipation Of US Fed Rate Cut

Indian equity markets opened on a positive note on Monday, buoyed by the upward momentum seen in American markets.

Investors are driving bullish sentiment in the market, fueled by optimism about a potential rate cut by the US Federal Reserve.

As of 9:44 AM, the BSE Sensex rose by 258 points, or 0.31%, reaching 83,149, while the Nifty 50 climbed 81 points, or 0.32%, to 25,437. Both indices recorded new all-time highs in early trading, hitting 83,184 for the Sensex and 24,445 for the Nifty.

Midcap and smallcap stocks also saw increased buying activity, with the Nifty Midcap 100 index rising by 300 points, or 0.50%, to 60,334, and the Nifty Smallcap 100 index up by 69 points, or 0.36%, at 19,575.

Within the Sensex constituents, NTPC, Axis Bank, Tata Steel, Kotak Mahindra, JSW Steel, Bajaj Finserv, L&T, Bajaj Finance, HDFC Bank, Titan, and Sun Pharma emerged as the top gainers. In contrast, Hindustan Unilever (HUL), Nestle, Tata Consultancy Services (TCS), and HCL Technologies were among the notable losers.

Sector-wise, gains were prominent in PSU banks, financial services, metals, real estate, private banking, and infrastructure sectors. Conversely, the IT and FMCG sectors faced headwinds.

Indian Markets Eye Federal Reserve Rate Decision; Experts Expect Impact On Trends

Market experts are focusing on the Federal Reserve’s upcoming rate decision scheduled for Wednesday, which is likely to impact near-term market trends.

“The first-rate cut by the Fed in four years is a foregone conclusion, the only uncertainty is about the extent of the rate cut, that is, whether the cut will be 25 bp or 50 bp. The market will also be keenly watching the Fed commentary on the evolving economic outlook,” they noted.

Market experts further added, “Since the undertone of the Indian equity market continues to be bullish, it makes sense to remain invested. Among sectors, IT and pharma are showing strength.”

Despite the mixed performance in global markets, with Tokyo, Shanghai, and Hong Kong in the red while Seoul, Jakarta, and Bangkok registered gains, US stock markets closed positively on Friday, providing further support to Indian equities.

On the investment front, foreign institutional investors (FIIs) purchased equities worth Rs 2,364 crore on 13 September, while domestic institutional investors (DIIs) also bought stocks worth Rs 2,532 crore on the same day, reflecting a strong interest in the Indian market.

Also Read: Adani Group Denies Allegations Of Swiss Court Involvement; Condemns Attack On Reputation

Mankrit Kaur

Recent Posts

KKR vs SRH IPL 2025: Match Details, Head-To-Head Record, And Where To Watch

Kolkata Knight Riders (KKR) will face Sunrisers Hyderabad (SRH) in Match 15 of the Indian…

34 mins ago

Parliament Passes Immigration And Foreigners Bill For Enhanced Security

Parliament approved the Immigration and Foreigners Bill, 2025, on Wednesday, which aims to regulate the…

1 hour ago

PM Modi Heads To Thailand For 6th BIMSTEC Summit; Strengthen Regional Relations

Prime Minister Narendra Modi headed for Bangkok on Thursday to attend the 6th BIMSTEC Summit…

2 hours ago

Delhi High Court Stays Appointment Of Anilkumar Prabhakaran As AIFF General Secretary

The Delhi High Court has stayed the appointment of Anilkumar Prabhakaran as the General Secretary…

3 hours ago

MCOCA Case: Delhi High Court To Hear Naresh Baliyan’s Bail Plea On April 9

The Delhi High Court will hear the bail plea of former Aam Aadmi Party (AAP)…

3 hours ago

SC Upholds Rajasthan’s Electricity Regulations; Dismissing Power Companies Plea

The Supreme Court has granted a major relief to the Rajasthan government by upholding the…

16 hours ago