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Live: Fed rate cut signal to spark a rally? Fusion micro block deal | INOX India IPO opens

Indian equity markets are poised for a strong start after yesterday’s fag end buying. The GIFT Nifty is hinting at a fresh high as it trades above the 21,200 mark. U.S. stock futures are edging higher after the Federal Reserve indicated multiple rate cuts in 2024, and the Dow Jones closed at an all-time high. U.S. Federal Reserve kept interest rates unchanged in a range between 5.25% and 5.5%, in line with Wall Street’s expectations. Market sentiment was buoyed after policymakers penciled in 3 rate cuts next year. On December 13, the BSE Sensex rose 34 points to 69,585, while the Nifty50 gained 20 points at 20,926. The broader markets also traded strong with the Nifty Midcap 100 and Smallcap 100 indices rising 0.9 percent each on positive breadth, while the fear index India VIX dropped by 5% to 12.07 levels. Among stocks in focus today, we put the spotlight on Fusion Micro, SBI, IRCTC and Uno Minda among others. Catch Nandita Khemka in conversation with Peter Cardillo, Chief Market Economist, Spartan Capital Securities LLC and Shivangi Sarda, Analyst- Equity Derivatives & Technicals, Broking & Distribution, MOFSL.

first published: Dec 14, 2023 08:41 am