Indian Stock Market Overview

Sensex and Nifty 50 are set to open higher after the US Federal Reserve's significant interest rate cut announcement.

US Fed's Major Rate Cut

The US Federal Reserve cut interest rates by 50 basis points, sparking reactions across global markets, including India.

Asian Markets Surge

Asian markets rallied after the US Fed rate cut. Japan's Nikkei rose by 2.1%, and South Korea's Kospi gained 0.57%.

Gift Nifty’s Positive Start

Gift Nifty indicated a positive opening for Indian markets, trading around 25,400, a premium of 30 points over Nifty futures.

US Stock Market Performance

US Stock Market Performance

Despite the Fed cut, US markets closed with slight losses. Dow Jones fell by 0.25%, while Nasdaq dropped by 0.31%.

Impact on Indian Sensex

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Sensex ended slightly lower at 82,948.23 on Wednesday, as investors remained cautious ahead of the US Fed meeting.

Global Impact of Fed Decision

Global Impact of Fed Decision

Global markets now anticipate a further 25-50 basis point rate cut in the US Fed's November meeting.

Effect on Gold Prices

Effect on Gold Prices

Gold prices held steady, trading at $2,558.00 per ounce, after reaching a record high earlier in the week.

From fiction to fact

From fiction to fact

Crude oil prices dropped after the rate cut, with Brent crude down 0.46% and WTI crude futures falling 0.59%.

Key Takeaways

Key Takeaways

The US Fed’s rate cut has influenced markets worldwide, driving positive moves in Asia and setting the stage for potential gains in the Indian stock market.