India’s stock indices opened with gains, buoyed by U.S. Fed Chair Powell hinting at a possible interest rate cut in September.
As of 9:18 a.m. IST, the Nifty 50 stood at 24,939.15 (+0.28%) and the Sensex at 81,542.95 (+0.29%).
Mid-caps and small-caps outperformed slightly, rising 0.4% and 0.3% respectively.
A total of 12 out of 16 major sectors were in the green, suggesting widespread opt
imism.
Powell noted rising risks to the labor market, balanced by persistent inflation—leading m
arkets to price in a possible cut.
Lower U.S. rates could make emerging markets like India more attractive to global investors.
This tone supports continued foreign inflows into Indian equities.
The rally reflects renewed confidence amid global monetary easing expectations.
Domestic traders may capitalize on rate-sensitive sectors such as banks and real estate.
Overall sentiment has turned cautiously positive heading into the week.