IGI Logo

Below the Quote on Market by by Mr. Vikram Kasat, Head - Advisory, PL Capital 

“The Fed Cuts, Wall Street Yawns

Wish Granted - Like a dog chasing cars, Wall Street didn’t know what to do with itself once it finally got its rate cut.

?2025 now marks the 3rd year since 1996 where rate cuts have happened with the S&P 500 at record highs

The Recession That Never Was - The base case remains for a 25bp rate cut even though inflation is still running well above the 2% target based on the latest data.

US headline CPI and core CPI were up 2.9% YoY and 3.1% YoY, respectively, in August.

The official reason is growing evidence of labour market weakness

US commercial banks’ total loan growth has risen from 1.5% YoY in mid-March 2024 to 4.6% YoY in early September 2025, while commercial and industrial (C&I) loan growth is up from a negative 2.6% YoY to 4.1% YoY over the same period - For such reasons it is entirely possible to make the argument that the US economy could be in the early days of a new cyclical rebound

Nifty 25330.25

Nifty has decisively closed above the high of 25250

Support Levels

20HMA: 25209

40HEMA: 25130”

Above views are of the author and not of the website kindly read disclaimer