Stock Market Today: Sensex, Nifty Open Higher on Infosys Buyback, Fed Cut Hopes

Stock Market Today: Indian stock markets started on a strong note today as hopes of a US Federal Reserve rate cut and Infosys’ record share buyback lifted investor sentiment.

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Sensex and Nifty Gains

At the opening bell, the Nifty 50 climbed 0.28% to 25,074.45 points, while the S&P BSE Sensex added 0.26% to 81,758.95 points. Market breadth was positive, with 15 of the 16 key sectors trading in the green.

IT Sector Boost

The Nifty IT index rose nearly 1%, led by Infosys shares jumping 2% after India’s second-largest IT services company announced its biggest-ever buyback program. This triggered strong buying interest in the tech space.

Small and Midcap Performance

Broader markets also reflected optimism, with small-cap and mid-cap indices each advancing 0.4%. Analysts suggest this indicates robust retail and domestic participation in early trade.

Fed Rate Cut Hopes

Global cues also played a role, as softer US inflation data raised expectations that the US Fed could cut interest rates next week. Lower rates in the US typically benefit emerging markets like India by attracting more foreign inflows and easing global liquidity conditions.

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