Indian markets are expected to open flat tracking the SGX Nifty.
U.S. stocks closed more than 1% lower on Wednesday despite high oil prices as
disappointing quarterly reports weighed and Fed statement renewed concerns about
the global economic growth. As expected Fed kept rates unchanged but
commented that it was closely monitoring global economic and financial
developments. Lower than expected results led to 6.5% and 8.9% correction in the
Apple and Boeing stocks respectively.
Britains benchmark index FTSE backtracked in the afternoon trade reversing its
losses made earlier in the day. On the back of higher oil prices despite jitters about
the state of the Chinese economy FTSE 100 closed up 1.3%. Shell shareholders
approval of the £40bn takeover of BG Group helped both companies shares
advance by ~3%.
Indian stock markets ended almost on a flat note after swinging between minor
gains and losses as investors avoided risky bets ahead of U.S. Federal Reserve

Download Full Report View Full Report in Browser