Markets Hopeful For US Fed's First Rate Cut In 2025, Sensex Tests 82,700

Notably, the domestic equities experienced a robust start to trading today morning, lifted by firm global cues and anticipations surrounding the Fed's interest raye decision.

On the trade front, discussions between Indian Commerce Department officials and a US delegation led by Chief Negotiator Brendan Lynch were described as “positive and forward-looking”.

Source : ABPLIVE AI

Dalal Street witnessed renewed optimism on Wednesday as investors awaited the US Federal Reserve to announce a rate cut later today. The BSE Sensex settled the session just under 82,700, soaring more than 300 points, while the NSE Nifty50 closed trading at 25,330, climbing almost 100 points.

On the 30-share Sensex, SBI, BEL, Kotak Bank, Maruti, and Trent stood among the gainers. Meanwhile, the laggards included Bajaj Finserv, Titan, ITC, Tata Steel, and HUL.

In the broader markets, the Nifty Smallcap50 led across the board and settled 0.81 per cent up. Sectorally, the PSU Bank index stood out after it closed more than 2.5 per cent higher. On the other hand, the Metal index slipped 0.50 per cent.

US-India Trade Talks Progress

Notably, the domestic equities experienced a robust start to trading today morning, lifted by firm global cues and anticipations surrounding the Fed's interest raye decision. The sentiment was further boosted by confidence from India-US trade talks.

The Commerce Ministry on Tuesday said that the day-long discussions with the visiting US delegation on a proposed bilateral trade agreement were “positive”, with both sides committing to accelerate efforts towards an early and mutually beneficial conclusion of the deal. The ministry issued a statement after the meeting, noting that negotiations would be intensified to move the process forward.

In global markets, sentiment was mixed. China’s Shanghai Composite Index and Hong Kong’s Hang Seng closed higher, while South Korea’s Kospi and Japan’s Nikkei 225 ended in negative territory. European shares were trading largely in the green during the session. On Wall Street, however, key indices finished lower on Tuesday.

Meanwhile, Brent crude futures slipped 0.58 per cent to $68.07 a barrel. On the investment front, foreign institutional investors (FIIs) turned net buyers, picking up equities worth Rs 308.32 crore on Tuesday, according to exchange data.

At 9:28 AM, the Sensex was trading 151 points, or 0.18 per cent, higher at 82,532, while the Nifty advanced 58 points, or 0.23 per cent, to 25,297. Markets are largely pricing in a 25-basis-point cut from the Fed. Attention will also be on the regulator's accompanying statement and projections for signals on the policy path.

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