Indian Stock Market Set for a Positive Start Post US Fed Rate Cut

Indian Stock Market Set for a Positive Start Post US Fed Rate Cut

Sensex and Nifty 50 Expected to Open Higher on September 19

The Indian stock market is poised for a positive opening on September 19, following the US Federal Reserve’s significant interest rate cut of 50 basis points. This move has boosted investor sentiment globally. The Gift Nifty indicates a promising start, trading around 25,400, a premium of nearly 30 points from the Nifty futures’ previous close. Key support for Nifty 50 is at 25,300, with resistance at 25,500. A decisive move above this level could lead to higher targets.

 

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