Indian stock markets kicked off the week on a cautious note, opening nearly flat but in the green today. Investors are keeping a close eye on major global events, especially the upcoming monetary policy decisions from central banks worldwide, including the US Federal Reserve. This comes as markets brace for potential volatility amid geopolitical tensions and key economic updates.
At the opening bell, the Nifty 50 index started at 25,118.90, up just 4.90 points or 0.02%. The BSE Sensex followed suit, edging higher to 81,925.51 with a gain of 20.81 points or 0.03%. These modest moves reflect the wait-and-see mood in Indian stock markets ahead of a packed week.
Experts highlight that 16 central banks are set to meet this week, making it a high-stakes period for global markets. Banking and market expert Ajay Bagga shared his insights, saying, “This is a very heavy week for monetary policy actions, with 16 central banks meeting amid geopolitical tensions, policy chaos, and protests from Indonesia to Nepal to the UK. The US Fed meeting will be the highlight, and markets might dip if there’s a gloomy view on the US labour market. Indian markets are eyeing a Fed rate cut, which could weaken the US dollar and boost emerging market flows. Key drivers include GST updates, Trump truce talks, and Fed actions—this week could bring volatility with some selling after the Fed decision.”
Broader indices on the NSE showed mixed signals. The Nifty 100 dipped 0.02%, while the Nifty Midcap 100 and Nifty Smallcap 100 saw slight gains in early trade. Sector-wise, performance varied: Nifty IT fell 0.63%, and Nifty Pharma dropped 0.83%. But Nifty Auto rose 0.36%, Nifty FMCG stayed flat but positive, Nifty Metal climbed 0.26%, Nifty Realty jumped 0.51%, and Nifty Oil and Gas nudged up 0.05%.
Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services, added, “A 25 basis points Fed rate cut looks likely after weak US jobs data. The short-term outlook for Indian stock markets remains positive, though central bank events could spark some ups and downs. Progress in India-US trade talks might give an extra lift to investor sentiment.”
In the Nifty 50, early winners included Zomato, Hero MotoCorp, Bajaj Auto, and Bajaj Finance. On the flip side, Dr. Reddy’s Laboratories, Infosys, Sun Pharma, and HDFC Life lagged behind.
From a technical angle, SEBI-registered analyst Sunil Gurjar of Alphamojo Financial Services pointed out, “Last week’s strong bullish candles show buyers are in control, which could push prices higher. The Nifty is near a key resistance level now. Breaking above it would confirm the uptrend. The 25,200 mark is a tough barrier, but with prices above all major moving averages, upward momentum looks solid.”
Asian markets offered a mixed picture too. Japan’s Nikkei 225 opened up 0.88%, South Korea’s Kospi gained 0.52%, and Hong Kong’s Hang Seng rose 0.47%. Taiwan’s Weighted Index slipped 0.33%, while Singapore’s Straits Times was flat, down just 0.03%.
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