India's Equity Market Rebounds on Global Rate-Cut Expectations and Easing Inflation Pressures

Indian equity indices staged a recovery on Friday, breaking free from a four-day downtrend as market participants regained confidence following cooling U.S. inflation figures and growing expectations for monetary policy easing by the Federal Reserve. This shift in sentiment triggered renewed buying interest across sectors, particularly in technology stocks where earlier concerns have begun to fade.

The headline BSE Sensex climbed 476 points, representing a 0.6 percent gain, reaching 84,960 during the opening session. Mirroring this movement, the broader NSE Nifty index advanced 148 points, also gaining 0.6 percent to settle at 25,962. The synchronized movement across both benchmarks underscores the broad-based nature of the rally, signaling renewed appetite for equities as inflation in India stabilizes alongside global trends.

Sector-Specific Gainers Lead the Charge

Steel stocks emerged as the day’s primary beneficiaries following the government’s decision to implement anti-dumping levies on select steel imports originating from China. This tariff measure provided substantial support to key players in the sector, with Tata Steel, Jindal Steel, and JSW Steel all registering notable price appreciation.

Bajaj Holdings and Investment captured investor attention after receiving confirmation that the stock will transition into the derivatives trading segment from the upcoming January contract series, driving a 1 percent appreciation.

Biocon, the pharmaceutical heavyweight, surged 1.7 percent following a positive Establishment Inspection Report from the USFDA certifying its New Jersey manufacturing unit. This regulatory validation strengthens the company’s position in the U.S. market and underscores its commitment to international quality standards.

Growth and Corporate Development

Sammaan Capital climbed 1.2 percent after issuing a clarification regarding recent investigations, confirming that existing leadership remains unimplicated in the proceedings initiated by the Delhi branch.

GPT Infraprojects emerged as a standout performer, soaring 6 percent after clinching a substantial Rs 1,804.48 crore contract from MCGM, indicating robust demand for infrastructure services.

Headwinds for Select Names

Not all movements pointed upward. Shriram Finance retreated 1.5 percent amid market chatter surrounding capital-raising initiatives. Dr Lal PathLabs slipped 2 percent as the stock transitioned to an ex-bonus trading status. DCM Shriram Industries surrendered 1.6 percent following adjustments to the record date pertaining to a corporate restructuring arrangement.

The market’s performance reflects investor optimism centered on the interplay between moderating inflation in India and expectations of looser monetary conditions globally, positioning equities as an attractive asset class in the near term.