Stack of coins with graph chart growth up, Business marketing, Coins for saving money, Growth investing, Income stability, Saving money for future investments, Financial investment | Photo Credit: Ton Photograph
At 11:36 am, Sensex rose 0.45% to 77,156.79, up 348.31 points, while Nifty gained 0.42% to 24,089.40, advancing 100.25 points.
Information technology stocks extended gains for a third straight session, with the Nifty IT index rising 1.5 per cent to 29,007 as investors awaited the US Federal Reserve’s policy decision. Infosys, TCS, Wipro and Tech Mahindra led gains, while optimism over AI deals and easing macro risks supported sentiment.
Investors are now awaiting the Federal Reserve’s policy decision and guidance from new Chair Kevin Warsh, with markets watching for any signals on the future interest rate path.
Global markets remained cautious, while Brent crude traded near $79 a barrel after a sharp decline. Analysts said weak monsoon progress and inflation concerns could cap market gains.
Foreign investors continued selling Indian equities, with outflows reaching record levels this year. IT, pharma stocks and Reliance Industries are likely to remain in focus.
* Silver remains above $70, targeting $72–$75, with critical support at $60–$61; a breakout above $78–$80 could trigger a stronger rally.
The rupee was quoting at 94.4350 per U.S. dollar at 11:50 a.m., after climbing about 1.2% over the past six sessions. – Reuters
The report highlights that banking system credit growth remained robust at 17.6%, driven by broad-based momentum across corporate, retail and MSME lending. MOFSL estimates banking system credit to grow at a CAGR of 14% over FY26-28.
According to the report, earnings growth across the sector is expected to gain momentum, with private banks projected to deliver an earnings CAGR of around 21% over FY26-28, compared with approximately 8% for PSU banks. For its overall banking coverage universe, MOFSL estimates earnings growth of nearly 15% CAGR during the same period.
“The Federal Reserve is widely expected to keep interest rates unchanged at the upcoming FOMC meeting. The real focus, however, will be on the Fed’s commentary around inflation, economic growth, and the future path of monetary policy.
The meeting comes amid heightened geopolitical tensions in the Middle East, which have pushed up energy prices and could influence inflation expectations. While such developments can trigger short-term volatility across equities and crypto markets, these reactions are typically driven by uncertainty and tend to moderate as more clarity emerges.
For crypto and other risk assets, liquidity remains the primary driver. Geopolitical events may create temporary market swings, but the medium- to long-term direction will continue to be shaped by inflation trends, interest rate expectations, and the pace of monetary easing.”
Shares flat at Rs 146.68 on the NSE.
