Mon Sep 16 08:00:12 UTC 2024: ## Global Markets Poised for Positive Start as Fed Rate Cut Looms

**Mumbai, September 16, 2023** – The Indian stock market is expected to open on a positive note today, tracking the optimistic sentiment in global markets. The GIFT Nifty, a gauge of the Nifty 50 index traded on the Gujarat International Finance Tec-City (GIFT) exchange, is trading near 25,428.50, suggesting a strong opening for the domestic market.

The positive outlook stems from anticipation of a Federal Reserve interest rate cut this week, which is expected to ease pressure on the US economy. Wall Street closed higher on Friday, with rate-sensitive small-cap stocks leading the gains.

**Asian markets** also started the week with a cautious optimism, mirroring the anticipation of the Fed’s policy decision.

**India’s Domestic Market:**
While Indian markets closed little changed on September 13, investors remained hesitant ahead of the Bank of Japan’s policy decision next week. The Nifty Realty index led gains on Wednesday, followed by Nifty Media and Nifty PSU Bank.

**Commodities:**
Oil prices edged up in early trade on Monday, fueled by expectations of the US interest rate cut. However, gains were capped by the resumption of US supply following Hurricane Francine and weaker China data. Gold prices were trading marginally higher, while silver prices rose 0.5 percent.

**FIIs Continue Buying:**
Foreign institutional investors (FIIs) bought equities worth Rs 2364 crore on September 13, while domestic institutional investors also bought equities worth Rs 2532 crore on the same day.

**Disclaimer:** The views and investment tips expressed in this article are for informational purposes only and should not be considered as investment advice. Consult with a certified financial expert before making any investment decisions.

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