Indian Equity Indices Open Higher as US Fed Rate Cut Boosts Sentiment

Strategic Insights -

The Indian equity indices opened the trading session on a higher note for the third consecutive session, as domestic sentiments were boosted by the US Fed rate cut. The NSE Nifty 50 opened 90 points or 0.36% higher at 25,420, while the BSE Sensex opened 350 points or 0.42% higher at 83,040. Bank Nifty and small and midcap stocks also opened the day higher, indicating a positive start to the trading session.

Key Takeaways:

  • The US Fed rate cut of 25 basis points was described as a "risk management cut" by Fed chief Jerome Powell, indicating a cautious approach to monetary policy.
  • The Indian stock market is unlikely to be impacted by the Fed decision, as the ongoing rally is driven by expectations of earnings revival and a positive outcome from the India-US trade negotiations.
  • According to VK Vijayakumar, Chief Investment Strategist at Geojit Investments, the softening interest rate scenario is favourable for the market to remain bullish, and two more rate cuts are possible this year.
  • Shrikant Chouhan, Head of Equity Research at Kotak Securities, identified 25,275 and 25,200 as key support areas for trend-following traders, and stated that as long as the market trades above these levels, the uptrend is likely to continue.
  • Major gainers at the opening of the trading session included Infosys, Wipro, HCL Technologies, Sun Pharma, and Tech Mahindra, while the key laggards included Hindalco, Bajaj Finance, Apollo Hospitals, UltraTech Cement, and Bharat Electronics.
  • Reliance Industries, ICICI Bank, Bharti Airtel, Mahindra & Mahindra, and Maruti Suzuki were the major movers in the morning trade on Thursday.

Statistics:

  • NSE Nifty 50 opening value: 25,420 (up 90 points or 0.36%)
  • BSE Sensex opening value: 83,040 (up 350 points or 0.42%)
  • Bank Nifty opening value: 55,707 (up 214 points or 0.39%)
  • Nifty Midcap opening value: 58,968 (up 119 points or 0.20%)

Sources:

  • "Sparsh Bansal" / Markets today at open, September 18: Nifty surges above 25,400 as US Fed rate cut boosts sentiment; track live market updates and key gainers now! IE Online Media Services Pvt. Ltd., distributed by Contify.com, 2025.