On the Market Opening show, a collaboration between Business Today and India Today TV, the focus is on the Indian markets rallying ahead of the US Federal Reserve’s two-day meet, where an interest rate cut is anticipated after nine months. The positive sentiment is further fueled by domestic factors, with an analyst stating, "GST rate cuts, interest rate cuts, as also a good monsoon will fuel this rally." SEBI has eased norms for foreign investors to counter recent outflows. The government reopened the PLI scheme for white goods and announced significant GST cuts on medicines. Sector-specific analysis highlights a buzz in defence stocks like HAL, which received a positive report from Jefferies. IT, auto, and railway stocks are also gaining traction, while Bajaj Finance has hit a record high, indicating a strong consumer-led market.
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