Sensex climbs 550 points and Nifty nears 24,350 on July 3 as Fed rate-hike bets ease
AI Market Summary
Indian equities opened higher as softer US June jobs data reduced near-term Fed hike expectations, improving global risk appetite and supporting EM inflows. Broad sector participation, led by IT and metals, alongside a lower India VIX, signals easing volatility. Globally, Nasdaq 100 futures rose and gold extended gains, consistent with declining rate expectations and a rebound in risk assets after recent tech-led weakness.
Impact level
● Medium
Affected assets
NCSISP5002USD/USDT+0.49%
AI Insight · NCSISP5002USD/USDTAI Insight
▲ Bullish
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Indian stocks opened higher on July 3, with the Sensex and Nifty both up 0.71%, after a softer U.S. jobs report prompted markets to scale back expectations of a near-term Federal Reserve rate hike. The Nifty Metal index rose nearly 2%, led by gains of nearly 3% in Hindustan Zinc and more than 4% in National Aluminium Co. IT stocks advanced 1.9%, while Nasdaq 100 futures added 0.6% and gold extended its rally. India VIX slipped to 11.99, signalling reduced volatility.
