Indian shares open higher after Powell's dovish remarks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 26 2024
0mins
Source: Reuters
Market Reaction to Fed Chair's Comments: Indian shares opened higher, with the NSE Nifty 50 and S&P BSE Sensex gaining 0.33% and 0.37%, respectively, following U.S. Federal Reserve Chair Jerome Powell's indication of imminent interest rate cuts.
Impact on Emerging Markets: Analysts suggest that a U.S. rate cut could boost inflows into emerging markets like India, contributing to a sustained rally in domestic equities, as evidenced by a 3% gain in the Nifty 50 over the past week.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
