Indian markets are likely to open positive tracking global indices and SGX Nifty.

U.S. stocks came under pressure going into the close of trading yesterday after initially responding positively to the Federal Reserves monetary policy announcement. The Dow fell 0.4 percent to 26385 and the Nasdaq slid by 0.2 percent to 7990.

UK stocks were little changed in lackluster trade on Wednesday as investors monitored currency moves and braced themselves for a 25 bps rate hike by the Federal Reserve later today. The FTSE 100 was up by 0.7 percent at 7508.

On domestic front Indian stocks finished modestly lower on Wednesday as investors eagerly awaited the latest monetary policy update by the Federal Reserve. With a 25 bps rate hike fully priced in investors looked ahead for clues over the next rate hike move in December. The BSE Sensex dipped by 0.3% to 36542.

Download Full Report View Full Report in Browser