Asian markets were taking cues from Wall Street, where all three major indexes closed at record highs buoyed by technology stocks as investor enthusiasm for all things AI remains unchallenged
Gold hits fresh global and domestic records on Asia-led demand, weak rupee, and China's bullion push; markets eye Fed rate cuts as prices rally over 15% this month
The rush into tech has been a boon for chip sectors in many Asian markets, with South Korean stocks up 0.2 per cent, having surged almost 9 per cent this month
Stock Market Highlights on September 18, 2025: Among the broader markets, the Nifty Midcap100 and Smallcap100 indices settled with gains of 0.38 per cent and 0.29 per cent, respectively
US Federal Reserve cut interest rates by 25 basis points and pencilled in two more reductions this year
The US rate setting panel is scheduled to announce its policy decision after Indian markets hours. The foreign exchange market has priced in a 25-basis-point rate cut
Sensex Today | Stock Market closing highlights today, September 17: In the broader market, the BSE MidCap ended up 0.08 per cent and the SmallCap finished 0.68 per cent higher
The dollar index declined 0.3 per cent on Tuesday, supporting a rally in most Asian currencies, including the rupee
Gold caught its breath after Tuesday's record high, while the dollar ticked higher, with two crucial days of US inflation figures
Much of the focus last week was on elevated long-end bond yields across the globe as investors fretted about the state of various countries' finances from Britain and France to Japan
The dollar and bonds were little moved ahead of a busy week for data which includes surveys of manufacturing and services, and a range of labour numbers culminating in the August payrolls report
Considering the US GDP data, weekly job report, hot PCE report and calm in the wider markets despite tariffs, gold is susceptible to further decline in the near-term, says Praveen Singh of Mirae Asset
Stock markets are in for an event-heavy week ahead with a raft of Q1 earnings from blue-chips, the US Fed interest rate decision and foreign investors trading activity driving investors' sentiment, analysts said. Macroeconomic data announcements, monthly auto sales numbers and global market trends would also guide movement in the domestic equities, they said. Markets would also keep a track on developments related to the August 1 trade deal deadline and geopolitical tensions between Thailand and Cambodia. August 1 marks the end of the suspension period of Trump tariffs imposed on dozens of countries, including India. "The start of the new month will bring attention to key economic data, including Industrial Production (IIP) and HSBC Manufacturing PMI on August 1. Additionally, monthly auto sales figures will be closely monitored. The scheduled expiry of the July derivatives contracts may add further volatility to the markets," Ajit Mishra SVP, Research, Religare Broking Ltd, said.
Sensex Today | Stock Market close, Wednesday, July 2, 2025: In the broader markets, the Nifty Midcap100 and Nifty Smallcap100 indices settled down by 0.14 per cent and 0.41 per cent, respectively
Citigroup and Wells Fargo also expect the Fed to cut rates by 75 basis points in 2025, while UBS Global Research forecasts 100 basis points of reduction
Trump has unleashed a pressure campaign on the central bank to cut rates, repeatedly assailing Powell and arguing the Fed's policies are keeping government borrowing costs too high
The FTSE 100 barely reacted, trading 0.2 per cent lower on the day, roughly where it had been prior to the BoE decision, while two-year gilt yields fell to session lows at 3.886 per cent
The Fed last September did reduce rates by a half of a percentage point, after a faster-than-expected decline in inflation and a marked slowdown in the labor market
Trump named Powell as the Fed chair in 2018, during his first term in the White House, and Democratic President Joe Biden appointed Powell to a second four-year term in 2022
The Fed's policy rate has been unchanged since December as officials struggle to estimate the impact of President Donald Trump's import tariffs