Sensex, Nifty to Open Higher as Fed Holds Rate-Cut Outlook
India’s benchmark indexes, Sensex and Nifty, are poised to open higher on Thursday, as the US Federal Reserve maintained its rate-cut projections for the rest of the year despite the ongoing tariff threats. The GIFT Nifty futures were trading at 23,081, as of 07:57 am IST, indicating that the blue-chip Nifty 50 will likely open above Wednesday’s close of 22,907.60.
The US Federal Reserve, in its latest monetary policy meeting, maintained its rate-cut outlook for the remainder of the year, citing the ongoing global trade tensions and the need to support the economy. The Fed’s decision to maintain its rate-cut projections is seen as a positive sign for the Indian markets, which have been facing volatility in recent times due to the ongoing trade tensions between the US and China.
The Sensex and Nifty have been trading in a narrow range over the past few weeks, with investors waiting for clear cues on the trade front. The ongoing tariff threats between the US and China have created uncertainty in the markets, leading to a decline in investor sentiment. However, the Fed’s decision to maintain its rate-cut outlook has provided a boost to the Indian markets, and investors are likely to take advantage of the improved sentiment.
The Indian rupee also strengthened against the US dollar, trading at 71.33 per dollar, as of 08:00 am IST, indicating a positive start to the day. The rupee has been under pressure in recent times due to the ongoing trade tensions, but the Fed’s decision to maintain its rate-cut outlook has provided a boost to the currency.
The GIFT Nifty futures, which track the performance of the Nifty 50, have been trading in a narrow range over the past few days, with investors waiting for clear cues on the trade front. The futures were trading at 23,081, as of 07:57 am IST, indicating that the blue-chip Nifty 50 will likely open above Wednesday’s close of 22,907.60.
The Nifty 50 is expected to open higher on Thursday, with investors taking a positive view of the Fed’s decision to maintain its rate-cut outlook. The index has been trading in a narrow range over the past few weeks, with investors waiting for clear cues on the trade front. The index has been supported by the strong earnings growth of the Indian companies, but the ongoing trade tensions have created uncertainty in the markets.
The Sensex, which tracks the performance of the 30 blue-chip companies, is also expected to open higher on Thursday. The index has been trading in a narrow range over the past few weeks, with investors waiting for clear cues on the trade front. The index has been supported by the strong earnings growth of the Indian companies, but the ongoing trade tensions have created uncertainty in the markets.
The Indian markets have been volatile in recent times due to the ongoing trade tensions between the US and China. The trade tensions have created uncertainty in the markets, leading to a decline in investor sentiment. However, the Fed’s decision to maintain its rate-cut outlook has provided a boost to the Indian markets, and investors are likely to take advantage of the improved sentiment.
The Indian economy is expected to grow at 7.2% in the current fiscal year, according to the Reserve Bank of India (RBI). The RBI has also maintained its inflation target of 4% for the current fiscal year, indicating that the economy is expected to grow at a moderate pace.
The Indian markets are likely to remain volatile in the coming days, with investors waiting for clear cues on the trade front. The ongoing trade tensions between the US and China have created uncertainty in the markets, leading to a decline in investor sentiment. However, the Fed’s decision to maintain its rate-cut outlook has provided a boost to the Indian markets, and investors are likely to take advantage of the improved sentiment.
In conclusion, the Sensex and Nifty are poised to open higher on Thursday, as the US Federal Reserve maintained its rate-cut projections for the rest of the year. The GIFT Nifty futures were trading at 23,081, as of 07:57 am IST, indicating that the blue-chip Nifty 50 will likely open above Wednesday’s close of 22,907.60. The Indian markets have been trading in a narrow range over the past few weeks, with investors waiting for clear cues on the trade front. The ongoing trade tensions have created uncertainty in the markets, leading to a decline in investor sentiment. However, the Fed’s decision to maintain its rate-cut outlook has provided a boost to the Indian markets, and investors are likely to take advantage of the improved sentiment.
