New Delhi [India]: Stock indices opened on a strong note on Thursday, tracking strong cues from US markets overnight, which rose after lower-than-expected US consumer inflation in April. In the 12 months through April, the CPI increased by 3.4. percent after climbing 3.5 percent in March. Softening of inflation has boosted expectations of a US interest rate cut in 2024 as predicted by IMD, earlier than normal arrival of south-west monsoon, bringing relief to farmers after below average rainfall last year The offering, also supported investor sentiments this morning. The southwest monsoon is likely to reach Kerala on May 31, a day before the normal date of June 1.In 2023, rainfall over the entire country during the monsoon season (June–September) was 94 per cent of its long period average. At 9.25 am today, the Sensex was at 73,377.62, up 390.59 points or 0.54 per cent, and the Nifty was at 22,316.90, up 116.35 points or 0.52 per cent, except for Nifty Pharma and Nifty Healthcare indices, which were slightly lower. green, NSE data showed Nifty IT rose the most, mainly due to decline in inflation in the US Business prospects for Indian IT companies are improving "IMD's forecast of normal monsoon in Kerala by May 31 The forecast is a big sign for positive domestic financial markets Expert Ajay Bagga said, “We expect a positive start for Indian equities today, it remains to be seen whether FIIs will re-rate the Indian market and the inflows will turn positive.” His three-day winning streak ended in negative territory, as the indices had fallen steadily over the past week, which analysts believe was due to the low turnout in the latter stages. Uncertainty in the Lok Sabha election result after the trend went to the polls and profit booking took place after the recent rally.Foreign investors remained net sellers of Indian equities for the ninth consecutive session on Tuesday. However, domestic institutional investors have remained net buyers over the past fortnight, offsetting withdrawals by foreign investors. Foreign portfolio investors (FPIs) have recently become net sellers in Indian stocks. Foreign portfolio investors (FPIs), who remained net buyers for the third consecutive month till mid-April, have cumulatively sold stocks worth Rs 8,671 crore during the month, National Securities Depository Ltd (NSDL) showed. So far in May, they have sold stocks worth Rs 25,280 crore “India's poor performance is likely to change soon with clarity on election results.DIIs, HNIs and retail markets may become aggressive buyers picking up the pace. FIIs cannot afford to miss this potential rally. The only risk is political instability. “It still looks very unlikely after the elections,” said VK Vijayakumar, chief investment strategist at Geojit Finance Services."