Indian Equities Open Higher, Nifty Above 24,900, Sensex Rises 190 Points

Indian equity indices open higher on Monday, with the NSE Nifty 50 up 0.25% at 24,932 and the BSE Sensex up 194 points at 81,500. Bank Nifty opens 37 points lower at 55,112. US Fed Chair Jerome Powell hinted at a rate cut in September, citing downside risks to unemployment and shifting risk balance. Key gainers include Wipro, Infosys, and Tech Mahindra, while ICICI Bank, Bharti Airtel, and Zomato are among the laggards.

Indian equity indices opened higher on Monday, with the NSE Nifty 50 up 0.25% at 24,932 and the BSE Sensex up 194 points at 81,500. Bank Nifty opened 37 points lower at 55,112. The positive sentiment was driven by U.S. Federal Reserve Chair Jerome Powell's hint at a potential rate cut in September [1].

Powell's comments at the Jackson Hole Economic Policy Symposium suggested that the Fed is considering a rate cut to address downside risks to unemployment. This shift in policy has made emerging markets, including India, more appealing to foreign investors who have been offloading Indian shares over the past few sessions [2].

Key gainers included Wipro, Infosys, and Tech Mahindra, while ICICI Bank, Bharti Airtel, and Zomato were among the laggards. The Nifty and Sensex added about 1% each last week as proposed goods and services tax (GST) rates revisions and S&P's sovereign rating upgrade lifted sentiment [1].

Investors continue to monitor developments in the India-U.S. trade talks, with additional 25% U.S. tariffs on Indian goods set to take effect on August 27. Additionally, Yes Bank announced that Japan's Sumitomo Mitsui Banking Corporation has received approval to buy up to 24.99% stake in the lender [1].

The Nifty and Sensex SENSEX added about 1% each last week as proposed goods and services tax (GST) rates revisions and S&P's sovereign rating upgrade lifted sentiment [1].

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3UH04Y:0-india-s-stock-benchmarks-likely-to-open-higher-on-fed-rate-cut-hopes/
[2] https://www.cnn.com/business/live-news/fed-powell-jackson-hole