Sensex Today Live Updates : India markets likely to open higher as US rate cut hopes remain alive; Q4 earnings in focus
Read the full story here.)Sensex Today Live : The Indian stock market indices, Sensex and Nifty 50, are anticipated to commence trading on a positive note this Thursday, despite a sense of caution due to mixed signals from global markets. Asian markets were on a downward trend, while the US stock market showed a mixed performance after the US Federal Reserve's monetary policy decision was announced.The US Federal Reserve maintained the benchmark interest rates as they were, expressing its dissatisfaction over the absence of significant progress in reducing inflation to its target of 2%.
Jerome Powell, the Chair of the Federal Reserve, minimized the likelihood of interest rate increases. Furthermore, the Federal Reserve announced its intention to reduce its balance sheet at a more gradual pace to alleviate pressure on money markets.Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services Ltd, expressed optimism about the market's future.
He stated, "We foresee the market maintaining its upward trajectory, bolstered by robust buying from Domestic Institutional Investors (DIIs) and retail investors, especially with the upcoming Q4 results season." (Read the full story here.)Sensex Today Live : Indian benchmark indices were likely to start on a positive note, after having closed lower on the last trading day of the previous month. With US Federal Reserve Chair Jerome Powell downplaying the potential for imminent rate hikes, and rate cuts still in the picture later this year, investors were likely to shed any lingering inhibitions and focus on companies reporting March quarter results today.At 8:25 am, the Gift Nifty futures was trading at 22,745, nearly 150 points ahead of Nifty 50's Tuesday's close of
. Read more on livemint.com
