Markets likely to open flat to positive
DSIJ Intelligence / 23 Sep 2016
SGX Nifty is trading up by 0.15 per cent to the levels of 8892. Reserve Bank of India (RBI) has formed six member monetary policy committee on September 22.We expect markets to open flat.
The Indian markets cheered FED move in Thursday’s session. Nifty ended above levels of 8550 and increased by just 1.03 per cent to 8867. BSE Sensex also rose by 0.93 per cent to 28773 with gain of 265 points. Overall sectoral indices traded in green except IT.
European markets continued to rally on Thursday. DAX closed up by 2.28 per cent at 10674. FTSE 100 also increased by 1.12 per cent to 6911; and CAC 40 too rose by 2.27 per cent to 4509.
US markets closed on the higher end. All the major benchmark indices closed almost half a per cent higher on September 22. The WTI crude oil declined by 1.1 per cent to USD 45.81 and Brent Crude also reduced by 0.88 per cent to USD 47.23.
Asian markets are trading in the mix on Friday. Japanese Nikkei 225 has declined by 0.26 per cent. Meanwhile, Hang Seng and Shanghai are trading up by 0.32 per cent, 0.08 per cent respectively.
SGX Nifty is trading up by 0.15 per cent to the levels of 8892. Reserve Bank of India (RBI) has formed six member monetary policy committee on September 22.We expect markets to open flat.
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