Indian markets are likely to open on positive note tracking the SGX Nifty and Global
The US equities closed higher on Wednesday as investors cheered the Federal
Reserves plan for scaling back its massive 4.5 trillion balance sheet. The Dow
Jones Industrial Average grinded higher for a fifth straight win topping the 21000
level. Specifically most FOMC members felt the next rate hike should come soon
and agreed to begin unwinding the central banks balance sheet. The SP 500 Index
and Nasdaq Composite followed the Dow higher with the SPX notching an alltime
closing high. Attention has now turned to tomorrows OPEC meeting.
The UK markets ended higher on Wednesday; outperforming the broader European
markets as investors shook off disappointing corporate news and a credit
downgrade for China. FTSE 100 ended 0.4% higher at 7514.90 logging its highest
close since May 16.
The Indian markets swung into weakness for the second day in row as the Sensex
closed just a

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