Indian markets are expected to open in green tracking SGX Nifty.
With Fed leaving rates unchanged US markets ended in green. Investors were also
encouraged by strong earnings from Gilead Systems and other companies. Fed
cited progress in U.S. labor market a sign it remains on course to raise rates at
some point this year but it also flagged nagging concern about low inflation which
could give some officials pause.
U.K. stocks climbed Wednesday notching second day of gains with Barclays Sky
and British American Tobacco moving higher after reporting surge in profits. Other
European markets France’s CAC and Germany’s DAX 30 index closed in green.
Key Indian benchmark Indices snapped fourday losing streak to close marginally
higher amid consolidation on Wednesday as investors turned cautious ahead of Fed
meet and expiry of July derivatives contracts.
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