Pre Session- Sensex set to open lower amid caution ahead of Fed verdict
28/10/2015
The key Indian equity benchmarks are poised to witness a gap down opening today as traders resort to a cautious stance ahead of the conclusion of the US Federal Reserve’s two-day meet later on Wednesday in which the world’s top central bank may offer some cues over when it plans to raise interest rates for the first time in almost a decade. Volatility is expected to remain high at domestic bourses ahead of the October futures & options (F&O) contracts expiry tomorrow. Shares of Dabur, Sun TV, Jet Airways and Syndicate Bank will be in focus today as the companies unveil their September quarter report cards. Against the backdrop of subdued global cues ahead of the FOMC decision and weakness in the CNX Nifty Index futures for October delivery which fell by 0.14 per cent or 11.5 points at 8,233.50 at 10:29 am Singapore time, Dalal Street is set to open on a bearish note today. Marking a second straight finish in the red, the 30-share Sensex fell to a two-week low on Tuesday, shedding 108.52 points or 0.40 per cent to end at 27,253.44 as traders were in cautious mood ahead of the Fed verdict while Q2 earnings numbers from blue chips such as Maruti Suzuki India, Axis Bank and Lupin missed analysts estimates, souring sentiment.
Asian stocks were trading on a mixed note as traders looked ahead to the FOMC decision later in the day with the Fed unlikely to risk raising interest rates amidst the ongoing global economic uncertainty and subdued US inflation. China’s Shanghai Composite eked out slim gains as investors weighed lackluster earnings while Hang Seng was trading lower. Japan’s Nikkei 225 climbed as a drop in retail sales in September raised the prospects of a stimulus boost by the Bank of Japan which meets later this week. Wall Street finished lower on Tuesday as a drop in durable goods orders signaled a continued factory slump in the world’s biggest economy that may restrict growth. US durable goods orders fell 1.2 per cent while a gauge of capital investment also declined, signaling a slowdown in business spending
28/10/2015
The key Indian equity benchmarks are poised to witness a gap down opening today as traders resort to a cautious stance ahead of the conclusion of the US Federal Reserve’s two-day meet later on Wednesday in which the world’s top central bank may offer some cues over when it plans to raise interest rates for the first time in almost a decade. Volatility is expected to remain high at domestic bourses ahead of the October futures & options (F&O) contracts expiry tomorrow. Shares of Dabur, Sun TV, Jet Airways and Syndicate Bank will be in focus today as the companies unveil their September quarter report cards. Against the backdrop of subdued global cues ahead of the FOMC decision and weakness in the CNX Nifty Index futures for October delivery which fell by 0.14 per cent or 11.5 points at 8,233.50 at 10:29 am Singapore time, Dalal Street is set to open on a bearish note today. Marking a second straight finish in the red, the 30-share Sensex fell to a two-week low on Tuesday, shedding 108.52 points or 0.40 per cent to end at 27,253.44 as traders were in cautious mood ahead of the Fed verdict while Q2 earnings numbers from blue chips such as Maruti Suzuki India, Axis Bank and Lupin missed analysts estimates, souring sentiment.
Asian stocks were trading on a mixed note as traders looked ahead to the FOMC decision later in the day with the Fed unlikely to risk raising interest rates amidst the ongoing global economic uncertainty and subdued US inflation. China’s Shanghai Composite eked out slim gains as investors weighed lackluster earnings while Hang Seng was trading lower. Japan’s Nikkei 225 climbed as a drop in retail sales in September raised the prospects of a stimulus boost by the Bank of Japan which meets later this week. Wall Street finished lower on Tuesday as a drop in durable goods orders signaled a continued factory slump in the world’s biggest economy that may restrict growth. US durable goods orders fell 1.2 per cent while a gauge of capital investment also declined, signaling a slowdown in business spending
