Sensex Nifty Gain Ahead of US Fed Decision | Asian Markets Rise on AI-Driven Optimism

Indian stock markets opened on a positive note on Wednesday, mirroring strong cues from Asian peers, as investors worldwide await the US Federal Reserve’s key policy announcement later tonight. Both benchmark indices gained momentum in early trade, supported by optimism surrounding global tech stocks and artificial intelligence-driven market sentiment.

The S&P BSE Sensex climbed 153.31 points to 84,781.47, while the NSE Nifty50 briefly crossed the 26,000 mark before stabilizing just below it. The upbeat opening reflects steady buying across select heavyweight stocks amid a broadly positive global market environment.

Global Markets and AI Optimism Fuel Rally

Investor sentiment across Asia remained upbeat, taking cues from a sustained rally in US tech stocks. Gains were largely led by continued enthusiasm around AI-linked companies, with major indices in the US hitting fresh highs on the back of strong corporate earnings and innovation-driven optimism.

According to Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, “Global stock markets continue to remain bullish, supported by sustained momentum in the US. AI-related developments and corporate partnerships are driving significant interest in tech equities.” He added that while a 25 basis points rate cut by the US Federal Reserve is widely expected, “the commentary on balance sheet reduction and quantitative tightening will be more crucial to watch.”

Domestic Outlook and Technical Indicators

Back home, analysts believe the Indian markets may maintain their positive undertone if key support levels hold firm. Anand James, Chief Market Strategist at Geojit Financial Services, stated, “The doji formation in Nifty signals that bearish pressure remains limited. As long as Nifty holds above 25,900, upward attempts could target the 26,186–26,250 zone.”

Experts also noted that large-cap players such as Reliance Industries, Bharti Airtel, and Larsen & Toubro are likely to provide further support, with Nifty Bank expected to lead gains into November.

Volatility Ahead of Fed Decision

While the market tone remains positive, volatility could persist until clarity emerges from the Fed’s policy direction. Traders are particularly eyeing signals on the central bank’s stance toward future rate cuts and inflation management.

With global investors turning increasingly optimistic about tech-driven growth and AI innovation, Indian equities are expected to remain aligned with broader global momentum.