Summary of this article
On September 12, the Sensex and the Nifty extended a winning spree for the eighth straight day.
On September 15, crude oil prices witnessed an increase, the price of West Texas Intermediate crude and Brent Crude edged higher.
Market Cues Today: The Sensex and Nifty are likely to open higher on September 15 amid positive cues such as buzz around the US Federal Reserve announcing a rate cut, changes in commodity prices and the Gift Nifty’s early gains. The Gift Nifty opened higher at 25,164.5 levels.
On September 12, the headline indices extended a winning spree for the eighth straight day. The 50-share Nifty closed at 25,114 up by 108.5 points or 0.43 per cent and the Sensex closed at 81,904.7 up by 355 points or 0.44 per cent.
Stock Market Cues On September 15
Some of the significant factors expected to impact D-street on September 15 include changes in commodity prices, anticipation of a rate cut by the US Federal Reserve and Foreign Institutional Investor and Domestic Institutional Investor inflows:
US Fed Rate Cut Anticipation
The US Federal Reserve is likely to announce a rate cut on September 17. The Federal Reserve has held interest rates steady for the past nine months. The expectations of a rate-cut being announced follow weaker than expected market data and months of US President Donald Trump urging the Fed to announce a rate cut. D-street is expected to factor in the upcoming announcement later this week additionally progress on the India-US trade deal is also expected to act as a tail-wind for lifting up investor sentiment.
Crude Oil Prices On September 15
On September 15, crude oil prices witnessed an increase, the price of West Texas Intermediate crude climbed to $63.01 edging higher by $0.32 or 0.51 per cent. On the other hand the price of Brent Crude increased to $67.28 up by $0.29 or 0.43 per cent.
Gold Rate On September 15
Gold prices slipped in the early hours of September 15 as the price of 24 karat gold declined to Rs 11,116 per gram, the price of one gram of 22 karat gold remained around Rs 10,189 and the price of one gram of 18 karat gold remained around Rs 8,336 per gram.
FII, DII Trade
On September 12, foreign institutional investors turned net buyers of Indian equities, purchasing securities worth Rs 129.58 crore. Domestic institutional investors also purchased equities worth Rs 1,556.02 crore.
Nikkei and Hang Seng Trade With Early Gains
The Nikkei 225, Hang Seng and the KOSPI made early gains on September 15. At the time of writing the Nikkei 225 traded higher by 0.88 per cent, the Hang Seng surged 0.51 per cent and the KOSPI surged 0.45 per cent. The Shanghai Composite traded flat with marginal gains of 0.05 per cent.
US Market Indices
Wall Street indices finished the session mixed on September 12, the Dow Jones Industrial Average and the S&P 500 finished the session lower by 0.59 per cent and 0.05 per cent respectively. However the Nasdaq Composite bucked the trend to close at 22,141.10 up by 0.45 per cent.
