Equity Alert
Mkt likely to open gap up on hope of swift US-India trade deal
This story was originally published at 08:17 IST on 17 September 2025
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Equity Alert: Mkt likely to open gap up on hope of swift US-India trade deal
MUMBAI--0803 IST--Benchmark indices are likely to open gap up but are likely to move in a narrow range after that. Sentiment will be positive after India and the US agreed to intensify efforts for an early conclusion of the bilateral trade agreement that was proposed in February. A favourable trade deal with the US may drive the market higher, analysts said. Export-oriented sectors such as textile, information technology, automobile components, and pharmaceuticals will be in focus during the session.
"Domestic markets should trade with positive bias in a rangebound manner ahead of the US Fed policy outcome...post gap-up open, it (Nifty 50) will most likely spend most of the time in range, that's the reason we suggest to utilise dips to buy," Vipin Kumar, assistant vice-president of equity research and senior derivatives analyst at Globe Capital Market, said. Kumar expects the Nifty 50 to move in a range of 25100-25400 points.
The September contract of the GIFT Nifty also indicates that the market is likely to open gap up. At 0755 IST, the contract was at 25386.50 points, up 147.4 points from the Nifty 50's close on Tuesday. The 50-stock index had closed at an over two-month high of 25239.10 points, up 169.90 points or 0.7% on Tuesday. The BSE Sensex ended at 82380.69 points, up 594.95 points or 0.7%.
Overnight, indices in the US ended slightly lower on caution ahead of the US Federal Reserve's interest rate decision due late Wednesday. The Fed is widely expected to cut rates by at least 25 basis points. Most indices in Asia were lower in early trade Wednesday ahead of the Fed's policy decision. (Akash Mandal)
Equity Alert: US indices end slightly down ahead of Fed decision on rate cut
MUMBAI--0740 IST--Indices in the US fell slightly Tuesday from record high a day ago. The S&P 500 closed lower after hitting intraday highs as market participants were cautious ahead of the US Federal Reserve's monetary policy decision due Wednesday. The two-day Fed meeting kicked off Tuesday and traders expect Fed Chair Jerome Powell to announce the first interest rate cut since December.
The Nasdaq Composite, which is largely dependent on technology stocks, closed 0.1% lower with shares of Nvidia Corp., Microsoft Corp., and Palantir Technologies down 1-2%. Shares of Webtoon Entertainment jumped 39?ter a deal with Disney to create a new digital comics platform. Shares of Oracle Corp. were up 1.5% amid media reports of the company continuing its cloud agreement with ByteDance, which owns TikTok. ByteDance had earlier received a deadline of Sept. 17 to divest from the short-video application.
The Dow Jones Industrial average fell 0.3%. Shares of UnitedHealth Group were down 2.4%. Among others, shares of Walmart, Home Depot, Golman Sachs, and Salesforce ended lower.
The US Commerce Department Tuesday said advance estimates of retail and food services sales in August rose 0.6% on month. This was higher than the 0.2% rise estimated by Reuters.
Market participants are betting on an interest rate cut Wednesday and the CME Fedwatch tool shows a 96% probability of a 25-basis point cut and a 4% probability of a 50-bps rate cut. "Any decision to cut by 50 basis points at this stage would appear to be driven more by political pressure than economic necessity. A more measured 25-basis-point cut remains the appropriate response, allowing the Fed to get ahead of a slowdown without overreacting to early signs of strain," Seema Shah, chief global strategist at Principal Asset Management, was quoted as saying, by CNBC.
Following are the closing levels of US indices Tuesday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6606.76 |
(-)0.13 |
|
NASDAQ Composite |
22333.96 |
(-)0.13 |
|
Dow Jones Industrial Average |
45757.90 |
(-)0.13 |
(Eshitva Prakash)
US$1 = 88.05
End
Edited by Avishek Dutta
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