Gifty Nifty Trades Lower on June 19: What Does It Means for Indian Stock Market?

On Thursday, June 19, 2025, the Indian equity benchmarks, the Sensex and Nifty 50, are expected to open on a subdued track, tracking mixed global cues and ongoing geopolitical tensions in the Middle East. Investor sentiment remains cautious following the US Federal Reserve’s decision to hold interest rates steady, coupled with concerns over the Israel-Iran conflict.

Gift Nifty Signals Weak Opening

Gift Nifty was trading near the 24,746-mark early Thursday, nearly 80 points below the Nifty futures’ previous close, indicating a likely negative start for domestic markets.

US Fed Policy Outcome

The US Federal Reserve held interest rates steady in the 4.25%–4.5% range, as widely anticipated. Looking ahead, the FOMC signalled a more conservative path for rate cuts. While it projects a 50-basis-point cut in 2025, the outlook for 2026 has been revised down to just 25 basis points, from an earlier estimate of 50 basis points.

Also Read: India’s Wealth Is Mostly in Listed Companies, Finds 360 ONE Report

Global Market Overview

Asian markets showed mixed trends on Thursday after the US Fed maintained its key interest rates. Fed Chair Jerome Powell's remarks, signaling a possible rise in inflation in the coming months, added to investor wariness. Japan's Nikkei 225 slipped 0.27%, while the Topix lost 0.12%. In contrast, South Korea’s Kospi rose 0.76%, and the Kosdaq added 0.37%. Hong Kong's Hang Seng futures suggested a weaker start.

Meanwhile, Wall Street closed on a mixed note overnight. The Dow Jones Industrial Average dipped 44.14 points, or 0.10%, to end at 42,171.66. The S&P 500 was marginally lower by 1.85 points (0.03%) at 5,980.87. However, the Nasdaq Composite inched up 25.18 points (0.13%) to close at 19,546.27.

Indian Market Recap

On Wednesday, Indian indices ended in the red for the second consecutive session. The Sensex declined by 138.64 points (0.17%) to finish at 81,444.66, while the Nifty 50 fell 41.35 points (0.17%) to close at 24,812.05.

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