Indian Stock Market: The Gift Nifty was trading around the 25,890 level, showing a premium of nearly 100 points over the previous close of Nifty futures, suggesting a gap-up opening for Indian stock market indices.
Indian Stock Market: The Indian equity indices, Sensex and Nifty 50, are anticipated to open higher on Monday, continuing the upward momentum from last week, driven by the significant interest rate cut by the U.S. Federal Reserve.
While Asian markets traded lower, the U.S. stock market had a mixed performance last Friday, with the Dow Jones reaching record highs.
The U.S. Federal Reserve initiated its monetary easing cycle last week, projecting steady economic growth alongside low unemployment and inflation. Fed futures traders have priced in 75 basis points in rate cuts by the end of this year, with nearly 200 basis points expected by December 2025, bringing the Fed’s policy rate to 2.75% by that time, according to CME FedWatch.
On Friday, Indian stock market indices closed over 1% higher, driven by significant buying across various sectors. The Sensex surged 1,359.51 points, or 1.63%, to finish at 84,544.31, while the Nifty 50 rose 375.15 points, or 1.48%, to settle at 25,790.95.
“Markets are gradually climbing, and we anticipate this positive momentum to continue next week, supported by strong FII inflows, healthy domestic indicators, and diminishing concerns about a slowdown in the U.S. economy,” said Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services Ltd.