Indian markets are likely to open with a positive bias tracking the SGX Nifty.
US stocks rose on Wednesday in spite of the Federal Reserve raising interest rates.
The Federal Reserve raised the target range for the Fed Funds Rate by 25 basis
points. The Fed also stated that economic data indicated that the labor market has
become stronger and that economic activity has to expanded at a moderate pace.
Gold and airline stocks had a strong session with the NYSE Arca Gold Bugs Index
and the NYSE Arca Airline Index closing up by 7.8 percent and 3 percent
respectively.
UK stocks closed slightly positive as investors stayed on the sidelines ahead of the
interest rate decision by the Federal Reserve. The UK jobless rate declined to its
lowest level since 1975 as companies hired more staff due to robust economic
activity. Mining stocks were positive as rising metal prices and weak dollar provided
a boost to the sector. Glencore closed up 2.86 percent and Rio Tinto also rose by
0.95
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