The Nifty 50 is poised to snap its three-day losing streak, supported by improving global sentiment after the U.S. Federal Reserve delivered a widely expected but hawkish rate cut. While policymakers remain divided on the future pace of monetary easing, global equity markets have reacted positively, helping stabilise risk appetite.
Early indicators suggest a strong start for Indian markets. The GIFT Nifty is pointing higher, tracking gains across major Asian indices and a firm overnight close on Wall Street.
Global cues turn supportive
Global markets found support after the Fed’s decision reassured investors about near-term liquidity conditions, even as its commentary signalled caution on aggressive future easing. Despite lingering volatility risks, optimism around global growth and rate stability has helped equities recover from recent pressure.
Asian markets traded higher in early hours, while US equities closed in the green overnight, providing a positive handover to domestic markets.
Broader market in focus
Back home, the broader market remains under the spotlight following recent weakness in midcap and smallcap stocks. Investors are expected to remain selective, focusing on quality names amid ongoing volatility.
Stocks to watch today
Key stocks likely to remain in focus during the session include TCS, Cipla, Tata Steel and InterGlobe Aviation, as traders track both global cues and stock-specific developments.
With global sentiment improving but uncertainty around future rate actions still present, markets may see a rebound, though volatility is expected to persist in the near term.
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