Indian markets to follow global chaos ahead of Fed meet

Indian shares are likely to open on a cautious note as the global cues look mixed with SGX Nifty trading 20.00 points lower.

Results on January 28, 2015

Sintex Industries, Alstom T&D, Ranbaxy Lab, Aban Offshore, Pidilite Industries, Havells India, Torrent Pharma, Emami, Welspun Corp, Ajanta Pharma, Adani Power, Adani Ports, Just Dial.

Headlines for the day:

Airtel to expand 4G in six more circles; inks pact with Nokia

CMC-TCS deal gets no-objection from BSE, NSE

Johnson to buy 25.74% stake in Hitachi via open offer

Indian Indices:

Indian shares are likely to open on a cautious note as the global cues look mixed with SGX Nifty trading 20.00 points lower.

Indian shares hit a record high for a fifth consecutive session on Tuesday after a deal that could open the door for U.S. companies to build nuclear reactors in the country boosted firms expected to benefit such as Larsen & Toubro. The S&P BSE Sensex and CNX Nifty ended 1.00% and 0.85% higher each.

On Tuesday (January 27, 2014), the S&P BSE Sensex ended up 292 points at 29,571 and the 50-share Nifty gained 75 points to end above 8,900 for the first-time ever at 8,910.  

Global Indices:

Asian stock markets followed Wall Street into the red on Wednesday, while the dollar was on edge following speculation the Federal Reserve could take a dovish turn in its post-meeting statement later in the session.

U.S. stocks closed more than 1 percent lower on Tuesday as disappointing results from a number of bellwether companies pointed to weakening conditions, while an unexpected decline in durable goods orders also weighed on sentiment.

Renewed concern over Greece and weak results at companies such as Siemens and Philips put an end to a winning run for European stock markets on Tuesday.

SGX Nifty

sgxnifty.org@imediaone.com

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