On Tuesday, September 16, the equity market benchmark indices, the Sensex and Nifty 50, are expected to open on a cautious note. As of 7:12 AM, the GIFT Nifty was trading near 25,161, down 19 points.
All eyes are on the one-day meeting between US chief negotiator Brendan Lynch and India's chief negotiator Rajesh Agrawal, as both sides discuss ways to boost trade relations. The outcome of these talks could have a big impact on future trade ties.
Asian markets traded mostly higher, while the US stock market ended higher overnight, as investors await the Federal Reserve’s crucial policy meeting this week.
The Federal Open Market Committee (FOMC) is widely expected to cut interest rates by 25 basis points in its meeting on September 16 and 17.
On Monday, September 15, Foreign Institutional Investors (FIIs) were net sellers. FIIs sold equities worth ₹1,268.59 crore.
Domestic Institutional Investors (DIIs) were buyers on Monday. They bought shares worth ₹1,933.33 crore on the same day. DIIs have been net buyers for the past 15 consecutive trading sessions.
The Indian equity market opened the week on a subdued note, closing in the red on Monday, September 15, as participants awaited cues from the US Federal Reserve’s policy decision.
The BSE Sensex declined by 119 points, or 0.15%, to end at 81,786, while the NSE Nifty 50 fell 45 points, or 0.18%, to finish at 25,069, slipping below the 25,100 level. This decline brought an end to the Sensex’s five-day winning streak and the Nifty’s eight-session upward run.
On Monday, US equities closed higher, with the S&P 500 and Nasdaq achieving fresh record intraday closing levels, as investors turned their attention to the Federal Reserve’s upcoming policy meeting later this week.
The Dow Jones Industrial Average added 49.23 points, or 0.11%, to finish at 45,883.45. The S&P 500 gained 30.99 points, or 0.47%, ending at 6,615.28, while the Nasdaq Composite advanced 207.65 points, or 0.94%, to settle at 22,348.75.
Markets are now focused on the Federal Open Market Committee’s meeting scheduled for September 16–17, where expectations are building for a 25-basis-point rate cut amid recent signs of weakness in the labor market.
US President Donald Trump said that trade talks with China had “gone very well” and suggested that a deal had been reached to resolve US concerns over TikTok’s ownership.
Gold traded near a record high at around $3,670 per ounce on Tuesday ahead of the US Federal Reserve’s two-day policy meeting that starts today.
Brent crude oil futures hovered around $67.5 per barrel and WTI crude oil futures hovered around $63.3 per barrel on Tuesday after two days of gains, supported by supply-disruption risks amid continued Ukrainian strikes on Russian energy infrastructure and mounting US pressure on buyers of Russian crude.
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