Gift Nifty Jumps Ahead of Market Open on Dec 11; Fed Rate Cut Lifts Global Equities

Indian equities are set for a strong start on Thursday, December 11, supported by firm global cues and optimism around the Federal Reserve’s latest policy action. The Fed announced its third straight 0.25 bps rate cut on Wednesday, lowering its benchmark rate to around 3.6%, the lowest in nearly three years, while hinting at a pause in future reductions.

Gift Nifty Today

Gift Nifty continued to reflect bullish sentiment, holding near 25,966 and rising 131 points, or 0.5%, from the last Nifty futures settlement. The trend suggests a firm start for Indian benchmarks driven by global market optimism.

Asian Markets Turn Cautious

Asian stocks advanced in Thursday’s early session, taking cues from Wall Street’s rally after the Fed’s latest rate move and Chair Jerome Powell’s optimistic tone on the US economy. The MSCI Asia Pacific Index gained 0.5%, driven by strength in tech and financial shares. 

Hang Seng futures rose 0.3%, Japan’s Topix inched up 0.1%, and Australia’s S&P/ASX 200 added 0.7%. Meanwhile, S&P 500 futures slipped a mild 0.1% as of 9:29 a.m. Tokyo time.

Domestic Market Recap

Back in India, markets extended their losing streak to a third consecutive session on Wednesday, December 10. The Sensex initially climbed 354 points to an intraday high of 85,020.34 but failed to sustain the momentum, slipping 629 points from its peak to close 275 points lower at 84,391.27. The Nifty 50also ended weak, declining 82 points to settle at 25,758.

Global Market Highlights

US equities closed higher on Wednesday after the Fed delivered a widely anticipated quarter-point rate cut. 

The S&P 500 gained 46.17 points, or 0.67%, reaching close to its late-October record. The Dow Jones climbed 497.46 points, or 1.05%, to 48,057.75, and the Nasdaq Composite advanced 77.67 points, or 0.33%, ending at 23,654.16.

US Federal Reserve Cuts Key Rate

The Fed reduced its benchmark rate by 0.25 bps, marking the third cut in a row, and pushing the key rate down to around 3.6%. While this typically reduces borrowing costs across mortgages, auto loans, and credit cards, the central bank signaled that further rate cuts may be put on hold depending on economic conditions.

Also Read: Best Mutual Funds Launched in India in 2025!

Conclusion

With global markets cheering the Fed’s rate cut and Gift Nifty showing overnight gains, Indian equities are likely to open on a firm note. While Wednesday’s domestic weakness reflects near-term volatility, improved global risk appetite and supportive cues from Asia could help lift market sentiment at the start of today’s session.

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