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Indian benchmarks inch higher on rising Fed rate-cut hopes
Indian equity indices rise modestly as rate-cut hopes build and IT stocks lead; global cues support the market.
India’s benchmark indices opened marginally higher as optimism builds around a potential rate reduction by the Federal Reserve. The Nifty 50 rose to about 26,118 and the Sensex climbed near 85,360, with IT stocks leading the gains and broader markets showing cautious strength. Foreign investor flows remain watched amid global uncertainty, while domestic institutions continue support.
Positive cues from abroad helped offset concerns in small-cap and mid-cap segments.