Stock Market today August 26, 2024: Nifty, Sensex to likely open higher amid rate cut cheer after Fed Chair's address at Jackson Hole

The headline indices Sensex and Nifty are likely to open on a positive note in Monday's(August 26) session. At around 7:00 am, GIFT Nifty futures, an early indicator of the Nifty50 index, was up 0.25 per cent indicating a positive opening on the D-Street. 

Indian markets will react to the Fed's address at the Jackson Hole as he mentioned that the time has come to adjust the monetary policy taking into account the favourable inflationary trend and amid the need to boost the labour market in the world's most developed economy.

Asian equities

Meanwhile Asian equities traded weak to positive amid mixed sentiments, while the Fed's dovish comments at the annual Jackson Hole symposium in Wyoming, United States, cemented hopes of a rate cut in the upcoming scheduled review next month as well as in the following months, the sentiment took a knock as Japanese markets tumbled over 1 per cent on the back of pressure from the yen and bets on rate hikes by the Bank of Japan.

The MSCI's broadest index of Asia Pacific shares outside Japan traded 0.67 per cent higher.