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India Markets Open Up as Rate-Cut Speculation Drives Mood
Indices jump at open as Fed cut hopes reignite buying.
The Indian markets opened decisively higher, with Nifty rising ~0.28% and Sensex up ~0.20%. Positive momentum was broad based: 15 of 16 sectors in green, mid-cap and small-cap indices led the charge. Gains were spurred by renewed optimism that the U.S. Fed may cut rates, supported by dovish signals and weak U.S. labor metrics. IT names outperformed, while financials also joined rally. Some caution remains amid trade tensions and data gaps.