Good Morning Early, Readers!!
Wall Street bounced back overnight, with dip-buying pushing the Nasdaq to lead the rebound.
For today, Nifty may wobble at the open but could find buying support at lower levels.
Bottom-line: The renewed optimism from Wall Street could lend support to Indian equities. Dip buying should be the gyan mantra.
6:00 AM GLOBAL UPDATE:
GIFT Nifty 🇮🇳: (-17, 26190)
Dow Futures: (+67, 47541)
Nasdaq 100 Futures (+37, 25593)
Nikkei (+403, 49705)
Hang Seng (Closed, 26095)
Dow Jones (+185, 47475)
Nasdaq Composite (+138, 23414)
Bovespa (+2481, 161092).
The Street was keenly awaiting President Donald Trump’s signal on the next Fed Chair.
Trump said he will reveal his choice in early 2026, though markets remain far more focused on the upcoming Fed meeting for immediate policy cues.
CME FedWatch shows an 89.2% probability the Federal Open Market Committee will cut interest rates by 25 basis points when it meets next week.
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