What moved the Nasdaq Composite today?

An AI stocks rally led by large-cap tech and chip names pushed risk appetite higher. Investors looked past capex worries as sentiment improved. The latest Fed minutes kept hopes for mid-year rate cuts alive, which supported growth valuations. Into the next session, focus shifts to US PCE inflation, Treasury yields, and the dollar for confirmation.

How do Fed minutes rate cuts matter to Indian investors?

They shape US yields and the dollar. Softer yields and a calmer dollar often aid global risk and can support rupee terms for US exposure. If markets keep pricing mid-year cuts, Nasdaq Composite today may stay firm, which can help NDX-linked Indian ETFs and improve sentiment for Nifty IT and export-oriented tech.

What is a practical way to play Nasdaq Composite today from India?

Use Nasdaq 100 ETFs or fund-of-funds listed in India for rupee-based access. Consider SIPs to average entry and reduce timing risk. Review expense ratios, tracking difference, and liquidity. Pair US tech exposure with domestic equities or short-duration debt to balance drawdowns. Reassess after US PCE and key earnings updates.

What risks could derail the AI stocks rally?

A hotter-than-expected US PCE print could lift yields and pressure growth multiples. Any pullback in cloud or GPU spending commentary could also hit semiconductors. A stronger dollar can reduce INR returns on US assets. Narrow market breadth is another risk if gains depend on a few megacaps.

Global Market Insights

^NDX Today, February 21: AI Rally Lifts Nasdaq as Fed Cut Bets Hold

ByHuzaifa Zahoor February 21, 2026February 21, 2026

Nasdaq Composite today is rising as the AI stocks rally offsets earlier capex worries, while traders stick with mid‑year Fed cut expectations. For Indian investors, this risk-on tone in semiconductors and megacaps sets cues for NDX-linked ETFs and sector rotation in Nifty IT. We break down what drove Nasdaq 100 gains, how Fed minutes rate cuts guide positioning, and what to watch into the US PCE inflation print that could sway global flows and the rupee.