Today, Domestic equity benchmarks are likely to open on a careful note on Wednesday ahead of the outcome of much-awaited two-day Fed policy analysis which concludes later in the day.
With no major local economic releases due during the day, investors are probably to follow world markets, crude oil prices & the trend in the USD-INR exchange rate. The output of the Fed rate-setting meeting & Fed chair Janet Yellen's commentary on the rate hike trajectory will determine the near-term behavior of the market.
At early morning, Nifty-50 futures on the Singapore Stock Exchange were trading 36.50 pts, or 0.47 per-cent, higher at 7736.50, indicating a gap-up unlocking in the native market.
With no major local economic releases due during the day, investors are probably to follow world markets, crude oil prices & the trend in the USD-INR exchange rate. The output of the Fed rate-setting meeting & Fed chair Janet Yellen's commentary on the rate hike trajectory will determine the near-term behavior of the market.
At early morning, Nifty-50 futures on the Singapore Stock Exchange were trading 36.50 pts, or 0.47 per-cent, higher at 7736.50, indicating a gap-up unlocking in the native market.
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