Indian markets are set to begin on a positive note led by positive global cues. SGX Nifty is trading 179 points higher.

Indian Indices:

Indian markets are expected to see a strong opening on positive global cues. SGX Nifty is trading 179 points higher.

Adding further, the US Federal Reserve said on Wednesday (September 18, 2013) that it would continue buying bonds at an $ 85 billion monthly pace for now, expressing concerns that a sharp rise in borrowing costs in recent months could weigh on the economy.

Investors will also keenly watch the RBI monetary policy which is expected tomorrow (September 20, 2013).

On Wednesday (September 18, 2013) Sensex closed at 19,962.16, up by 158.13 points, while the Nifty rose by 49.25 points to close at 5,899.45.

Global Market

Asia markets jumped higher on Thursday (September 19, 2013) with Australian stocks hitting a five-year high and Japan rising to near bull-market territory, sparked by the US Federal Reserve’s surprise move to leave its stimulus measures intact.

US stocks rallied to record highs on Wednesday (September 18, 2013) after the Federal Reserve, in a surprise to markets, decided against scaling back a stimulus program that has helped fuel Wall Street’s rally of more than 20% this year.

European shares hovered near five-year highs on Wednesday, staying within their weekly range as investors held fire expecting the US Fed to announce a first cut to its equity-friendly stimulus programme.

Major Headlines of the day

Deccan Chronicle approaches BIFR.

Infy launches new version of Finacle.

Suzlon sells 75% stake in Chinese subsidiary.