Stock market benchmark indices trade higher tracking rally in global peers amid U.S. Fed rate cut hopes

headlines4Business2 months ago1.6K Views

Stock market benchmark indices trade higher tracking rally in global peers amid U.S. Fed rate cut hopes

Representative picture
| Photo Credit: Reuters

Benchmark fairness indices Sensex and Nifty started the trade on an optimistic notice on Tuesday (September 9, 2025) in tandem with a rally in global markets amid hopes of a US Fed rate cut later this month.

A rebound in IT shares additionally drove the markets higher in the course of the preliminary trade.

The 30-share BSE Sensex rallied 366.87 factors to 81,154.17 in early trade. The 50-share NSE Nifty climbed 101.35 factors to 24,874.50.

From the Sensex corporations, Infosys, Tech Mahindra, Tata Consultancy Services, HCL Tech, Adani Ports and Larsen & Toubro have been among the many main gainers.

However, Eternal, Tata Steel, Bajaj Finance and Bharat Electronics have been among the many laggards.

“Nifty is expected to trade with a positive bias despite volatility, supported by hopes of a quarter-point Fed rate cut on 17th September and the possibility of further cuts in the year’s remaining meetings, keeping bears at bay,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, mentioned.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index and Hong Kong’s Hang Seng traded in constructive territory whereas Shanghai’s SSE Composite index quoted decrease.

U.S. markets ended higher on Monday (September 8, 2025).

“Market is slowly regaining momentum on expectations of earnings boost from GST reforms. Clearly, autos are the major beneficiaries of the GST cut, and rightly, the market has responded positively. News of huge demand for automobiles post-September 22 will keep the auto stocks resilient despite the recent run up,” V.Ok. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, mentioned.

Foreign Institutional Investors (FIIs) offloaded equities price ₹2,170.35 crore on Monday (September 8, 2025), whereas Domestic Institutional Investors (DIIs) purchased shares price ₹3,014.30 crore, in response to alternate knowledge.

Global oil benchmark Brent crude climbed 0.51% to $66.36 a barrel.

On Monday (September 8, 2025), the Sensex edged higher by 76.54 factors or 0.09% to settle at 80,787.30, and the Nifty ended marginally higher by 32.15 factors or 0.13% at 24,773.15.

Follow
Loading

Signing-in 3 seconds...

Signing-up 3 seconds...