The Indian stock market indices, Sensex and Nifty 50, are likely to open flat on Friday, amid positive cues from global peers after the US Federal Reserve cut the benchmark interest rates by 25 basis points (bps),

Apollo Hospitals, HDFC Life, SBI, and TCS were the only four Nifty50 constituent stocks to manage to settle in the green on Thursday

The next key event is the US election scheduled on. Owing to deep correction, the key support level for Sensex and Nifty 50 is around 78500 and 23800 respectively.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,450 level, a discount of nearly 140 points from the Nifty futures’ previous close.

The US Federal Reserve cut interest rates by 0.25%, as anticipated, while keeping an eye on the potential effects of a Trump presidency. The move prompted a relief rally in bonds and a decline in the US dollar.

Jerome Powell-led FOMC voted unanimously to slash the benchmark interest rate by 25 bps to 4.50 - 4.75 per cent in the seventh policy decision for 2024.

Shares of SBI, Tata Motors, Vedanta, Ola Electric, LIC, and Ashok Leyland among others will be buzzing in trade as the companies will release their quarterly earnings scorecard.

Domestic markets open flat despite US Fed rate cut, analysts expect recovery later, big companies to announce results.

Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a weak note Monday amid cautiousness in global peers ahead of US Presidential Elections.The trends on Gift Nifty also indicate a negative start for the Indian benchmark index.