The market could look to continue its bullish momentum from Tuesday, still riding on the political certainty from the state assembly elections results. This, even as global markets wait for cues from the US Federal Reserve’s monetary policy meeting, which is expected to announce a rise in interest rates. Trends on SGX Nifty indicate a steady start on the market.
The Asian markets opened lower following losses in US stocks as traders awaited a decision on interest rates from the US Federal Reserve.
The Nikkei was lower over three tenth of a percent as the yen strengthened against the dollar, while the Hang Seng was down 0.39 percent. The Bank of Japan’s monetary policy meeting is underway and the central bank is widely expected to keep monetary policy steady. Kospi was trading flat with a mild negative bias.
Equity benchmarks started off day on a flat note after rally in previous session and ahead of outcome of two-day Federal Reserve policy meeting tonight.
The 30-share BSE Sensex was down 3.76 points at 29,438.87 and the 50-share NSE Nifty fell 3.75 points to 9,083.25.
Reliance Industries, Cipla, Sun Pharma, Tata Motors, Wipro, Hindalco and Aurobindo Pharma were early gainers while Bharti Airtel, Larsen & Toubro, TCS, ICICI Bank, Asian Paints, HCL Technologies, Asian Paints and Bosch were early losers.
The Asian markets opened lower following losses in US stocks as traders awaited a decision on interest rates from the US Federal Reserve.
The Nikkei was lower over three tenth of a percent as the yen strengthened against the dollar, while the Hang Seng was down 0.39 percent. The Bank of Japan’s monetary policy meeting is underway and the central bank is widely expected to keep monetary policy steady. Kospi was trading flat with a mild negative bias.
Equity benchmarks started off day on a flat note after rally in previous session and ahead of outcome of two-day Federal Reserve policy meeting tonight.
The 30-share BSE Sensex was down 3.76 points at 29,438.87 and the 50-share NSE Nifty fell 3.75 points to 9,083.25.
Reliance Industries, Cipla, Sun Pharma, Tata Motors, Wipro, Hindalco and Aurobindo Pharma were early gainers while Bharti Airtel, Larsen & Toubro, TCS, ICICI Bank, Asian Paints, HCL Technologies, Asian Paints and Bosch were early losers.
0 Comments