Markets likely to open positive
DSIJ Intelligence / 22 Sep 2016
The Indian markets closed the day flat eyeing FED meet's outcome. However, there were many stock specific actions on Wednesday, September 21 session.
The Indian markets closed the day flat eyeing FED meet's outcome. However, there were many stock specific actions on Wednesday, September 21 session. Nifty remained flat and increased by just 0.01 per cent to 8777. Whereas BSE Sensex also closed at 28507 with loss of 15 points, 0.06 per cent down. Overall market breadth remained mixed. Consumer Durables, Auto, IT and Metal indices closed in the green.
European markets rallied on Wednesday. DAX closed up by 0.41 per cent at 10436. FTSE 100 also increased by 0.06 per cent to 6834 and CAC 40 too rose by 0.48 per cent to 4409.
US markets closed on the higher end after FED’s status quo. All the major benchmark indices closed almost one per cent higher on September 21.
Asian markets are trading with a strong bullish trend on Thursday, September 22. Japanese Nikkei 225, Hang Seng and Shanghai are trading up by 1.91 per cent, 1.35 per cent and 0.51 per cent respectively.
SGX Nifty is trading up by 0.68 per cent to the levels of 8868.5. We expect markets to open higher, following rest of the world markets.
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