The key domestic benchmarks may open slightly higher
today tracking a mostly positive trend in fellow Asian peers as the US Federal
Reserve chose to end its monthly bond purchase program amid signs of an
improving US economy and a pickup in the labour market, while re-affirming its
commitment to keeping borrowing costs at low levels for a “considerable time”.
China’s Shanghai Composite rose on hopes of more favourable policies from the
Chinese government, Hang Seng fell while Japan’s Nikkei 225 was trading higher
as a weaker yen boosted the appeal of exporter stocks. Back home, the Sensex may
see heightened volatility today as traders roll over their positions on the day
of the expiry of the October Futures & Options (F&O) contracts. Real
estate companies may rise after the government relaxed FDI norms in property and
construction. The stocks of ICICI Bank, Maruti Suzuki and Bharti Airtel may be
active today as their unveil their Q2 earnings.
