Markets expect subdued start; FOMC eyed

Indian Markets are likely to start on a subdued note ahead of FOMC two-day policy meet. SGX Nifty is trading 2.00 points lower.

Indian Indices:

The Key benchmark indices are likely to start on a subdued note ahead of the US Federal Reserve’s two-day policy meet. SGX Nifty is also trading 2.00 points lower.

On Monday (September 16, 2013) Sensex ended at 19742.47, up by 9.71 points, while the Nifty shut shop at 5,840.55, down by 10.05 points.

Global Market

Asian markets were mostly lower early on Tuesday (September 17, 2013), ahead of the US Federal Reserve’s policy meeting later in the week, though Japanese stocks rose as they caught up with Monday’s gains.

US stocks rose on Monday (September 16, 2013), sending the Standard & Poor’s 500 Index to a five-week high and within 1 percent of a record, after Lawrence Summers withdrew his bid to be Federal Reserve chairman and tensions over dealing with
Syria’s chemical weapons eased.

European stocks hit five-year highs on Monday after news that Lawrence Summers has pulled out of the race to lead the US Federal Reserve, while an international deal over Syria also boosted risk appetite.

Major Headlines of the day

Fresenius makes delisting offer; to buy shares for Rs390 cr.

Reliance Industries pays highest advance tax.

Lupin gets USFDA nod for insomnia drug.

SGX Nifty

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