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A firm opening is expected for Indian equities on Friday, supported by strong global cues and rising optimism of a US Federal Reserve rate cut next week

Sensex Today

Sensex Today

Sensex Today: A firm opening is expected for Indian equities on Friday, supported by strong global cues and rising optimism of a US Federal Reserve rate cut next week. GIFT Nifty futures were up 74 points at 25,179 in early trade.

Global Cues

Across Asia, markets tracked Wall Street’s rally. Mainland China’s CSI 300 inched up 0.01 per cent, Hong Kong’s Hang Seng surged 1.65 per cent, Japan’s Nikkei rose 0.56 per cent, and South Korea’s KOSPI gained 1.15 per cent.

Overnight, US stocks ended at record highs. The Dow Jones advanced 1.36 per cent, the Nasdaq climbed 0.72 per cent, and the S&P 500 added 0.85 per cent.

On the macro front, US data showed consumer prices rose 0.4 per cent month-on-month in August, above the 0.3 per cent forecast in a Dow Jones poll. Year-on-year, CPI matched estimates at 2.9 per cent. However, the inflation print was overshadowed by a surge in jobless claims, which jumped to 263,000 for the week ended September 6 — the highest since October 2021 and well above expectations of 235,000.

Back in India, Infosys will be in focus after its board cleared a Rs 18,000 crore share buyback at Rs 1,800 per share, covering 10 crore shares, or 2.41 per cent of its equity.

Aparna Deb

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

News business markets Stock Market Updates: GIFT Nifty Signals A Positive Start For Sensex, Nifty
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