India stock benchmarks set to snap two-day losses on Fed rate cut hopes

Persistent Systems

15/10/2025 07:53

** Nifty 50 .NSEI, Sensex .BSESN rise 0.6% each; set to snap two-day losses

** Asia stocks .MIAPJ0000PUS gain 2% on Fed rate cut bets, bounce back after Tuesday's drop due to U.S.-China trade woes MKTS/GLOB

** Back home, all 16 major sectors up; PSU banks .NIFTYPSU, metals .NIFTYMET gain 1.4% and 1.2%, respectively

** Fed Chair Jerome Powell says U.S. job market remains weak; solidifies bets for rate cut later this month

** Fed rate cut can redirect foreign fund flows to India, other emerging markets

** Persistent Systems PERS gains 6% strong Q2 results, leads IT stocks .NIFTYIT higher

** Hyundai Motor India HYUN.NS up 2.5% on plans to invest 450 bln rupees ($5.1 bln) in India by FY30

($1 = 88.2760 Indian rupees)

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))