Nifty above 22,850, Sensex up 150 points; Shriram Finance up 4%

The Indian headline indices, Sensex and Nifty, opened on a positive note today. However, Asian markets showed a mixed response, influenced by a tech-driven sell-off in the US. While Japan’s key indices saw moderate gains, South Korea’s market opened strong but faced some volatility.

Fed’s big decision: All eyes are on the US Federal Reserve as it prepares to announce its policy decision today. Investors are eagerly waiting for insights from the Fed’s economic projections and the much-anticipated ‘dot plot,’ which could hint at future interest rate moves. Fed Chair Jerome Powell’s remarks will be closely analysed for any signals on the path ahead.

Ceasefire talks gain momentum: Donald Trump and Vladimir Putin held discussions on the Ukraine conflict, agreeing to initiate peace talks. The White House described the talks as productive, with both leaders agreeing to a temporary ceasefire on critical infrastructure.

Gold rate: Gold prices soared to a new record high, fuelled by global economic uncertainty and rising trade tensions. Since the start of the year, gold rates have surged over 14%, with multiple peaks recorded amid economic concerns linked to US trade policies.