Markets poised for positive start as global rally lifts sentiment

After three straight sessions of weakness, Indian equities look set for a firmer opening on December 11, buoyed by a global risk-on mood following the Federal Reserve’s third consecutive rate cut.

Gift Nifty was trading nearly 0.5 percent higher, up 117 points at 25,951, signalling a positive start for domestic benchmarks.

Global sentiment strengthened overnight as Wall Street rallied on optimism that the Fed’s policy easing will support growth while inflationary pressures from tariffs continue to fade. The MSCI Asia Pacific Index climbed 0.5 percent in early trade, tracking gains in the US, where the S&P 500 advanced 0.7 percent—just shy of record highs—and the Russell 2000 surged 1.3 percent to a new peak.

Fed Chair Jerome Powell said the central bank had likely done enough to stabili