Indian market is expected to open in green tracking SGX Nifty other global peers.
U.S. markets moved up on Wednesday with SP 500 and Dow reaching new highs of 2016 after Fed kept its key interest rates unchanged and downgraded its forecast for number of rate increases to 2 in 2016 from the earlier projected 4. Also U.S. inflation increased more than expected in Feb as rents and medical costs maintained their upward trend. Further housing market continued its strength last month and manufacturing stabilized. Rise in energy shares as oil futures climbed up on hopes of output freeze lifted up the SP 500.
FTSE 100 moved upwards helped by upward movement seen across oil giants BP and Royal Dutch Shell. Movement in the Energy companies was owing to runup in the oil prices.
Indian markets bounced back in the last hour of trade with Nifty reclaiming 7500 intraday mark on Wednesday ahead of the outcome of Feds meeting. Private sector banks FMCG and select technology stocks h
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