Stock Market Updates: Sensex Up 200 Points, Nifty Holds 24,900; IT Stocks Lead Rally | Markets News


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Domestic equities opened higher on Monday in the holiday-shortened week, taking cues from gains across Asia

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Stock Market Today

Stock Market Today

Domestic equities are poised to open higher in the holiday-shortened week, taking cues from gains across Asia as investors bet on a potential US Federal Reserve rate cut in September.

As of 8:30 AM, GIFT Nifty was trading 44 points or 0.18% higher. On Friday, the Nifty ended a six-day winning streak as domestic institutional buyers turned net sellers after nearly two weeks of steady purchases.

Global Cues

Across Asia, markets rallied after Fed Chair Jerome Powell signaled flexibility on policy at the Jackson Hole summit. Australia’s benchmark hit a fresh record, while China’s CSI 300 and Hong Kong’s Hang Seng advanced more than 1% each. Japan’s Nikkei was up 0.7%.

Powell acknowledged a “shifting balance of risks,” pointing to weak US jobs data as a reason for potential easing, while also flagging inflationary pressures from President Donald Trump’s tariffs. Traders are now pricing in an 84% chance of a Fed rate cut at the September 16–17 FOMC meeting, according to Bloomberg.

Wall Street welcomed the dovish tone, with the S&P 500 logging its best session since May, closing 1.52% higher. The Nasdaq climbed 1.88%.

This week’s key triggers include the US inflation print, Nvidia Corp’s quarterly results, and a series of earnings across Asian markets.

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Aparna Deb

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More

Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More

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