Indian markets are in cautious mode as the Fed rate cut announcement will be made tonight, with both stock indices, Nifty and Sensex, opening flat on Wednesday with a marginal dip.
The Nifty 50 index opened at 25,406.65 points, gaining 50.15 points or 0.2 per cent, while the BSE Sensex surged 94.39 points at opening to 82,985.33 or 0.11 per cent.
Indian stock markets opened at a new high on Friday, with both indices continuing the bull run. The Nifty 50 index opened closer to its 52-week high, while the Sensex opened above the 83,000 mark for the first time.
The Indian stock markets are on the brink of entering a new phase, marked by potential rate cuts from the U.S. Federal Reserve, highlighted a report by Nuvama.
Indian markets started the fresh week with a decline following weak global cues and a downturn in Asian markets. Globally, markets are under pressure as the Fed meeting date approaches and due to the slowdown in growth in Germany and the Chinese economy.
Indian stock markets corrected sharply on Thursday amid global cues and FPI selling, as today marks the last day of the SEBI deadline for unregistered foreign investors to disclose beneficial owners.
Amid the heightened volatility in the Indian stock markets, a report by SBI funds highlighted that the focus of markets will move towards companies with good fundamentals and strong business models.
Indian stock markets started September with gains as both indices opened positively on Monday. The Nifty 50 index opened with a gain of 97.70 points or 0.39 per cent at 25,333.60, while the BSE Sensex index began the week with a gain of 0.44 per cent or 359 points at 82,725.28 points.