Indian markets are likely to open flat tracking global indices and SGX Nifty.
After an early move to the upside US markets remain mostly positive in midday
trading on Wednesday. The upward move on the day has lifted the Dow and the
SP 500 reached new record intraday highs. The strength on Wall Street comes as
traders await the Federal Reserves monetary policy announcement due this
afternoon. With the Fed widely expected to raise interest rates by a quarter point
traders are likely to keep a close eye on the accompanying statement as well as
outgoing Fed Chair Janet Yellens press conference for clues about the outlook for
future rate hikes.
The majority of the European markets ended Wednesdays session in the red.
Traders were in a cautious mood ahead of todays announcement from the Federal
Reserve. Investors are also looking forward to policy decisions from the European
Central Bank Bank of England and Swiss National Bank on Thursday.
The Indian markets ended lower on
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