Indian stock market: The equity market benchmark indices, Sensex and Nifty 50, are expected to open lower on Thursday, following mixed global market cues. The Indian stock market is expected to remain volatile today amid weekly F&O expiry and ahead of the stock market holiday tomorrow,<\/p>\n
Asian markets traded mixed, while the US stock market ended higher overnight, with the S&P 500 and Nasdaq hitting new closing highs, amid increased expectations of an interest rate cut by the US Federal Reserve.<\/p>\n
Traders see a Fed rate cut on September 17 as a near certainty, according to LSEG data, and even lay around 7% odds on a super-sized half-point reduction.<\/p>\n
On Wednesday, the Indian stock market ended higher, led by buying across the segments.<\/p>\n
The Sensex<\/a> gained 304.32 points, or 0.38%, to close at 80,539.91, while the Nifty 50 settled 131.95 points, or 0.54%, higher at 24,619.35.<\/p>\n \u201cWe expect the market to remain range bound and domestic-facing themes likely to be in favour amidst caution over US tariffs and outcome of the US-Russia peace talks scheduled for Friday,\u201d said Siddhartha Khemka – Head Of Research, Wealth Management, Motilal Oswal Financial Services Ltd.<\/p>\n Also Read<\/strong> | Stock market today: Eight stocks to buy or sell on Thursday\u201414 August 2025<\/a><\/p>\n Here are key global market cues for Sensex today:<\/p>\n Asian Markets<\/strong><\/p>\n Asian markets traded mixed on Thursday, despite an overnight rally on Wall Street. Japan\u2019s Nikkei 225<\/a> declined 0.94%, while the Topix index dropped 0.64%. South Korea\u2019s Kospi index lost 0.17%, and the Kosdaq was flat. Hong Kong\u2019s Hang Seng index futures indicated a stronger opening.<\/p>\n Gift Nifty Today<\/strong><\/p>\n Gift Nifty was trading around 24,689 level, a discount of nearly 23 points from the Nifty futures\u2019 previous close, indicating a weak start for the Indian stock market indices.<\/p>\n Wall Street<\/strong><\/p>\n US stock market ended higher on Wednesday, with the benchmark S&P 500 and Nasdaq indexes hitting new closing highs for the second straight day, on hopes of a Fed rate cut.<\/p>\n The Dow Jones Industrial Average rallied 463.66 points, or 1.04%, to 44,922.27, while the S&P 500 rose 20.82 points, or 0.32%, to 6,466.58. The Nasdaq Composite closed 31.24 points, or 0.14%, higher at 21,713.14.<\/p>\n Apple share price rose 1.6%, Nvidia stock price fell 0.85%, Microsoft shares dropped 1.64%, while Tesla share price declined 0.47%. CoreWeave shares plunged almost 21% and Paramount Skydance stock price jumped 36.7%.<\/p>\n Also Read<\/strong> | Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy<\/a>Scott Bessent on Fed Rate Cut<\/strong><\/p>\n US Treasury Secretary Scott Bessent made his most explicit call yet for the Federal Reserve to execute a cycle of interest-rate cuts. \u201cI think we could go into a series of rate cuts here, starting with a 50 basis-point rate cut in September,\u201d Bessent said in a television interview on Bloomberg Surveillance Wednesday. \u201cIf you look at any model\u201d it suggests that \u201cwe should probably be 150, 175 basis points lower.\u201d<\/p>\n Dollar<\/strong><\/p>\n The US dollar languished near multi-week lows against the euro and sterling. The dollar index, which measures the currency against the euro, sterling and four other major peers, was steady at 97.704. The euro edged up to $1.1713, while Sterling rose to $1.3586. Against Japan\u2019s currency, the greenback lost 0.3% to 146.95 yen.<\/p>\n Bitcoin Prices<\/strong><\/p>\n Bitcoin prices hit a record high on Fed rate cut bets. The world\u2019s largest crypto-asset by market capitalisation, Bitcoin<\/a>, climbed as much as 0.9% to $124,457.12, surpassing its previous peak hit in July. On the day, the second largest crypto-token Ethereum hit $4,784.67, the highest level since late 2021.<\/p>\n