Indian equity benchmarks are poised for a rebound, with the Nifty likely to snap its three-day losing streak, tracking positive global cues after the US Federal Reserve delivered a widely expected but hawkish rate cut. While the cut has boosted near-term sentiment across global markets, mixed signals from policymakers on the future pace of easing could keep volatility elevated.
Global Markets Provide Support
Overnight, Wall Street closed firmly higher, while Asian markets traded in the green, reflecting optimism after the Fed’s policy decision. The central bank’s cautious tone on future rate cuts has tempered excessive risk-taking, but global equities have welcomed the clarity on policy direction.
Early indicators suggest a strong opening for domestic markets, with the GIFT Nifty pointing to a positive start, signaling relief buying after recent declines.
Broader Markets Remain in Focus
Despite the expected rebound in frontline indices, broader markets continue to be under scrutiny following recent underperformance in midcap and smallcap stocks. Investors are likely to remain selective, keeping an eye on liquidity conditions and global macro developments.
Stocks to Watch Today
Key stocks in focus during today’s session include TCS, Cipla, Tata Steel, and InterGlobe Aviation, driven by stock-specific developments and sectoral trends.
With global sentiment improving but uncertainty around interest rates persisting, markets may see a measured recovery rather than a sharp rally.
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