2 days Ago
Latest News On another quiet day for the markets, both the benchmark indices-Sensex and Nifty-held their ground, giving Nifty bulls some breathing room. While the overall market showed little movement, investors remain on edge, awaiting the highly anticipated outcome of the US Federal Reserve's policy decision, which is expected to set the tone for global markets. Without significant cues from Wall Street and most Asian markets closed for holidays, the Indian markets followed a more cautious approach.
The focus now shifts entirely to the Fed, where the question on everyone's mind is: will they cut rates by 25 basis points or 50 basis points? According to the CME Group's Fed Watch tool, traders have priced in a 67% chance of a 50 basis points cut-an increase from Friday's 47% odds. A former New York Fed President recently suggested that the FOMC should begin its easing cycle with a 50 basis points cut, citing potential benefits to stabilizing the economy. However, Wall Street remains divided on the matter.
While the broader market remained subdued, midcap and smallcap indices faced some sell-off, and PSUs felt selling pressure. Nevertheless, there were still some major stock-specific actions. Bajaj Housing Finance, hailed as the "stock of the week" after its stellar IPO performance, surged another 10%, adding to Monday's massive 135% jump.
Ola Electric also saw an impressive 10% rise as two brokerages issued "buy" recommendations, predicting a potential upside of up to 50%. As the market awaits the Fed decision, Wednesday's weekly expiry for Nifty Bank will keep this now-outperforming sector in the spotlight. GIFT Nifty Signals Flat Opening for Indian Markets GIFT Nifty trends suggest a flat start for the Indian markets, with a modest gain of 7.
50 points. Nifty futures were trading near the 25,470 mark, indicating minimal movement in the broader index at the open. US Markets Flat as Early Gains Fizzle Ahead of Fed Rate Decision US stocks ended the day nearly unchanged on Tuesday after giving up earlier gains that had pushed the S&P 500 and Dow Jones Industrial Average to record highs.
Investors took a cautious stance ahead of the anticipated Federal Reserve rate cut, the first in 4.5 years.The Dow Jones Industrial Average dipped slightly by 15.
90 points, or 0.04%, to close at 41,606.18.
Meanwhile, the S&P 500 inched up by 1.49 points, or 0.03%, to settle at 5,634.
58, and the Nasdaq Composite rose by 35.93 points, or 0.20%, closing at 17,628.
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