Copyright timesnownews
Indian equities opened the week on a bullish note, with benchmark indices staging a robust recovery after Friday’s pause. The BSE Sensex jumped over 700 points, surpassing the 84,800 mark, while the NSE Nifty 50 climbed more than 200 points to reclaim the 26,000 level. The uptrend followed softer US inflation data, which raised expectations of two Federal Reserve rate cuts in 2025, improving sentiment for emerging markets. At 12.25, Sensex surged 653.25 points (0.78 per cent) to reach 84,865.13, while the Nifty 50 advanced 197 points (0.76 per cent) to reach 25,992.15. Global Cues Drive Optimism Global sentiment turned upbeat after data showed US consumer price inflation eased in September, boosting the case for Fed rate cuts later this year. Additionally, reports that US and Chinese officials have agreed on a preliminary trade framework lifted investor confidence. “The global market construct is bullish as seen with Dow Jones, Nikkei, and Kospi at record highs,” said VK Vijayakumar, Chief Investment Strategist at Geojit Investments. He noted that “globally, there are signals of declining trade tensions,” citing comments by US Treasury Secretary Scot Bessent that a ‘substantial framework for trade negotiations with China’ is in progress. For India, Vijayakumar highlighted strong festive season demand and a pickup in private capital expenditure, adding that “conditions are favourable for the Nifty and Sensex to climb to record highs.” Global Markets Rally On Trade Progress Across Asia, equities surged on hopes of reduced US-China trade tensions. Japan’s Nikkei and South Korea’s Kospi both hit record highs, climbing over 2 per cent, while MSCI’s Asia-Pacific index rose 1.3 per cent. US futures also advanced, with the Nasdaq up 0.88 per cent, alongside a 0.5 per cent rise in European futures. The Nikkei breached 50,000 for the first time, and the Kospi crossed 4,000. Meanwhile, Hong Kong’s Hang Seng rose 0.78 per cent, and China’s CSI300 gained 0.84 per cent. Oil prices ticked higher on trade optimism, with Brent crude at $66.40 and WTI at $61.96, while gold slipped 1 per cent. The Indian rupee opened nearly unchanged at 87.86 per US dollar, supported by the RBI’s intervention and easing inflation expectations in the US. Get Latest News live on Times Now along with Breaking News and Top Headlines from Business, Companies and around the world.
