Markets may open slightly lower

The Indian benchmark indices ended the trading session with modest losses. However, the broader markets outperformed the benchmark indices and ended in the positive territory. Nifty declined 6 points to close at 10,148, whereas BSE Sensex shed 21 to close at 32,402.

The European markets ended Tuesday’s session with modest gains. The FTSE 100 of the UK ended higher by 0.30%. The German DAX Index added 0.02% and the French CAC 40 Index rose 0.16%.

On Tuesday, all three main US’ stock indexes ended at all-time highs, however, market participants seemed hesitant to make significant moves ahead of the Federal Reserve’s monetary policy announcement which is due on Wednesday.  The Dow Jones Industrial Average gained 39 points to 22,371. The Nasdaq Composite Index rose 7 points to 6,461 and the S&P 500 moved higher by 3 points.
 
It’s been a muted start of the day for the Asian stock markets with the Nikkei 225 trading flat and the Hong Kong’s Hang Seng climbed 0.16%. On the other hand, the China’s Shanghai Composite has lost 0.04%.

Indian shares are likely to witness a muted opening as the Asian markets trade on a subdued note. The Nifty futures on the Singapore Exchange were trading at 10,156 with losses of 11 points, indicating a muted opening.