The US Federal Reserve has made its first rate cut since December 2024, lowering the benchmark rate by 25 basis points and signalling more easing to come. While a Fed rate cut often sparks optimism, the crucial question for India is whether this will translate into a market rally. History shows Fed cuts don’t guarantee a bull run on Dalal Street. Remember 2019? Or even 2020? Rate cuts happened, but markets barely budged—or even fell. Today, India's market faces its own unique challenges, primarily high valuations. With nearly a quarter of stocks still trading at over 60x earnings, investors may hesitate to chase already pricey bets. Add to that the exodus of foreign portfolio investors—$15.3 billion pulled out this year alone—with Brazil and Taiwan stealing the spotlight. Thankfully, domestic institutional investors have been the key pillars of support, consistently absorbing the selling pressure. And while the India VIX is whispering “calm,” could that really mean the market’s getting too complacent? One tariff headline or a global shock, and the mood could flip overnight. So, is this Fed cut the spark India needs? Read the full report by Mayur Bhalerao. Market WatchSnapping a three-day rally, Sensex and Nifty ended lower on Friday amid weak global cues and profit booking. The Sensex fell 388 points to 82,626, while the Nifty slipped 97 points to 25,327, dragged by HDFC Bank, ICICI Bank, and Reliance. Midcaps dipped slightly, smallcaps inched up, and the rupee closed almost flat at 88.09/$ against 88.13/$ the previous day. Click here to understand the key factors that moved the market today. Premium readsMint Explained | Sebi’s order clearing Adani Group of Hindenburg's allegations How Sebi plans to make life easier for registered investment advisers A sneak peek into Mint LoungeExploring the layers of hypocrisy in Anil Yadav's 'Courtesans Don't Read Newspapers' Why writing retreats are becoming the new wellness escape Why we fell out of love with the dupatta ‘Axone’ and ‘masor tenga’ add fun and flavour to Goa's food scene Weekend RecommendationsWhat to watch this week:‘Nishaanchi’, ‘Sabar Bonda’ and more OTT releases to watch this weekend: The Trial Season 2, Article 370, Gen V, Haunted Hotel and more Love a Mint story? Here's how to support it.Do you have a favourite writer at Mint? Every day, we strive to publish stories that need to be told, and your digital subscription makes all the difference. It tells us we’re on the right track and helps us continue delivering the in-depth journalism you rely on. If you’re not yet a subscriber, now’s the perfect time to join! Starting today, many of our staff writers are sharing special, personalised discount coupon codes. So if there's a Mint writer whose work you admire, reach out to them on social media or via email and ask for their unique coupon code! (And if you're already a subscriber, a quick note telling them you appreciate their work would still make their day!) Note: The coupon codes are available only with in-house writers, and not our external columnists. If your request for a code fails, please write to me at shravani.sinha@livemint.com. Thanks for reading! Edited by Rashmi Sanyal. Produced by Shad Hasnain.
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शुक्रवार, 19 सितंबर 2025
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