- Global Market Trends
- US markets rallied for the second consecutive day, driven by stronger-than-expected retail sales data.
- Asian markets followed suit, with most major indices trading higher on Tuesday morning.
- Indian Stock Market Opening
- Sensex surged 388.45 points, opening at 74,558.41.
- Nifty50 gained 153.50 points, opening at 22,662.25.
- Market Performance & Key Movers
- Despite significant foreign portfolio investor (FPI) cash sales, strong domestic institutional investor (DII) activity kept markets in the green.
- Among Nifty50 stocks, 43 advanced while seven declined.
- Top Gainers: Hindalco, ICICI Bank, Axis Bank, Shriram Finance, and M&M.
- Top Losers: HCL Tech, TCS, Tech Mahindra, ONGC, and Sun Pharma.
- Key Market Influences
- Ajay Bagga, banking and market expert, highlighted the importance of this “Central Bank policy-heavy week,” with 10 central banks set to announce interest rate decisions.
- A 99% probability of a rate hold by the US Federal Reserve (FOMC) is already factored into market expectations.
- The Bank of Japan and Bank of England are also expected to maintain their current policy stance.
- Outlook & Potential Selloff
- Fed futures suggest that markets are pricing in three rate cuts in 2025.
- Any hawkish commentary from the Fed could trigger a selloff in US markets on Wednesday, which might impact global sentiment.
