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Sensex, Nifty Open Higher on Fed Cut Bets and GST Cuts

Weak U.S. payrolls pushed traders toward a September rate cut.

Overview

  • Indian benchmarks rose at the open, with the Sensex up about 296 points to 81,007 and the Nifty up roughly 90 points to 24,831.
  • Futures and Asian markets signaled supportive risk tone, gold hovered near record highs, and U.S. Treasury yields sat near five‑month lows after the soft jobs report.
  • Technical charts show Nifty resistance at 24,950–25,000 and support at 24,550–24,500, while Bank Nifty remains a drag within a 53,500–55,000 range and large private banks have lagged.
  • Flows stayed mixed as FIIs were net sellers and DIIs were net buyers on Friday, with provisional tallies showing roughly Rs 1,305 crore sold by FIIs and Rs 1,821 crore bought by DIIs.
  • External cues included a weaker yen and a firmer Nikkei after Japan’s Prime Minister Shigeru Ishiba resigned, modest oil gains on slower OPEC+ supply increases from October, and key releases ahead such as India’s inflation on September 12 and the Fed decision on September 17.