Markets expect a negative start as Fed disappoints

The Indian markets may open on a negative note tracking negative global cues. SGX Nifty is also trading 50 points lower.

Events for the Day:

Care Rating, Manappuram Finance, Wockhardt, Delta Corp and IOC to quote Final Dividend
 
Indian Indices:

The Indian markets may extend yesterday’s losses and start on a negative note led by unsupportive global cues. SGX Nifty is also trading 50 points lower.

On Wednesday (August 21, 2013) Sensex shed 340.13 points to close at 17905.91 while Nifty slipped 98.90 points to end at 5302.55.

Global Market

Asian stocks declined on Thursday (August 22, 2013), after the Federal Reserve indicated it remained on course to reduce the size of its monetary stimulus by the end of the year, with the region’s exporters and resource shares leading the decline.

US stock markets ended lower on Wednesday (August 21, 2013), losing grip on a late-afternoon recovery, as investors weighed the Federal Reserve’s signaling that it remained on course to curb its monthly bond purchases by the end of the year.

European stock markets ended lower on Wednesday, with investors remaining cautious ahead of minutes from the US Federal Reserve’s latest meeting, which could shed more light on a potential tapering of asset purchases.

Major Headlines of the day

IOC group firm takes up Rs3,110.36 cr Resid upgradation proj.

BHEL raises concerns over business conditions

Tech Mahindra seeks transfer of Satyam SEZs

SGX Nifty

sgxnifty.org@imediaone.com

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