INDIA STOCKS-IT leads India's benchmark shares higher on rising odds of US rate cut
Nov 24 (Reuters) - India's benchmark stock indexes opened marginally higher on Monday, inching towards record highs, led by IT shares amid rising expectations of a rate cut by the Federal Reserve in December.
The Nifty 50 .NSEI rose 0.21% to 26,122.8, while the BSE Sensex .BSESN was up 0.1% at 85,320.04, as of 9:15 a.m. IST.
Five of the 16 major sectors logged gains at the open. IT firms, which earn a significant share of their revenue from the U.S., rose 1.1%.
Other Asian markets also rose, with the MSCI Asia ex-Japan index .MIAPJ0000PUS adding 1%, after New York Fed President John Williams said the U.S. central bank could still cut interest rates in the near term. MKTS/GLOB
Odds of a U.S. rate cut in December have risen to 70% from 44% a week ago, according to the CME FedWatch Tool.
Lower U.S. interest rates support economic growth in the U.S., benefitting sectors such as IT and also make emerging markets such as India more attractive for foreign investors.
The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 fell about 0.1% each.
Related Articles
Elon Musk’s SpaceX Poised for Record-Breaking IPO: How Can Retail Investors Get In on the Action of Starlink Stock?
TradingKey - Elon Musk's rocket manufacturer SpaceX is expected to launch an IPO in 2026, with a target IPO valuation projected to reach $1.5 trillion. However, prior to its listing, the stock can only be traded in the private market, characterized by low information transparency and high capital ba
Musk’s Next Ambition: Building a Space-Based AI Data Center
TradingKey - Musk has long resisted the idea of taking SpaceX public. After the Tesla take-private drama and the resulting SEC penalties (which cost him the chairmanship), he’s been wary of public market entanglements. But something’s changed—and fast.
Japan Central Bank Rate Hike To Three-Decade High Imminent, How Will The Market Go? Which Assets Most Affected?
As global monetary policy divergence enters a critical phase, the Bank of Japan (BoJ) is anticipated to raise its benchmark interest rate at the monetary policy meeting on December 19, 2025, by 25 basis points to 0.75% , marking its highest level in nearly 30 years.
Gold Price Steady Climb and the Sudden Surge of Silver and Copper: Will Their Bull Run Extend Into 2026?
Dow Jones Market Data shows this marks the first time since 1980all three metals—gold, silver, and copper—simultaneously refreshed their all-time highs in the same year. Will this rally extend into 2026?
