Indian markets are likely to open in red tracking global indices and SGX Nifty.
US markets saw a considerable volatility late in the trading day as Fed left interest
rates unchanged as widely expected but signaled another rate hike is likely this year.
The Feds projections pointed to a quarter basis point rate increase later in this year
most likely at the December meeting. The major averages eventually ended the
session mixed with the Dow and the SP 500 rising to new record closing highs.
While the Nasdaq edged down 0.1 % to 6456 the Dow rose 0.2 % to 22413 and
the SP 500 inched up 0.1 % to 2508.
The UK markets closed slightly lower on Wednesday as a brief surge in the pound
yanked the benchmark FTSE 100 to session lows but retail shares added to gains
after monthly British retail sales leapt past expectations. The FTSE 100 index ended
down 0.1% at 7272 after swinging between gains and losses through the day.
Indian markets settled near the base line on Wednesday
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