Indian stock market indices Sensex and Nifty 5o are expected to open higher, tracking global market momentum.
Asian market and US stocks ended higher, fueled by hope of Fed rate cuts.
Fed Chair Jerome Powell hinted at a possible rate cut later this year.
Sensex and Nifty 5o closed with minor losses on Tuesday after hitting record-high. IT and ‘media Stocks rose the most. Private bank stocks fell the most.
Strong GST collections and positive manufacturing PMI support market optimism.
Japan’s Nikkei rose, while Hong Kong’s Hang Seng’s futures indicated a lower opening.
US stocks Saw gains, led by Tesla, Apple, Amazon, and Alphabet.
US job openings increased in May.
Japanese service activity contracted for the first time in two years.
US dollar and Treasury yields fell on rate cut prospects.
Oil prices remained steady near a two-month high.
The budget is likely to be presented on July 24
Securities in ban period: India Cement, Indus Tower.
