The key
domestic benchmarks are likely to open higher today tracking a mixed trend in
Asian stocks as caution persisted ahead of the start of the two-day policy meet
of the US Federal Reserve on Tuesday with the central bank tipped to exit its
monthly bond buying program. Investors are also eying clues over the timing for
a hike in US interest rates. China’s Shanghai Composite rose as Chinese
industrial profits climbed 0.4 per cent in September 2014 from the same month a
year ago, compared to an annual 0.6 per cent dip in August 2014. Hang Seng rose
while Japan’s Nikkei 225 fell as a stronger yen dimmed the appeal of exporter
stocks. Back home, Sensex may see some volatility ahead of the October F&O
contracts expiry on Thursday. The stock of ABB, Lupin and Nestle India will be
in focus as the companies unveil their July-September quarter earnings today.
