Domestic stock markets are likely to start flat following mixed Asian signals. Trends on the SGX Nifty indicate a flat opening for the index in India with a loss of 19 points. At 7:30 am, the Nifty futures was trading at 11,512, down 19 points or 0.1 percent on the Singapore Stock Exchange.
Asian stocks were scheduled to remain mixed open on Wednesday as investors awaited the Federal Reserve’s outlook on the economy at the end of their policy meeting, although sentiment dipped in Chinese and US economic data. Can.
Australian S&P / ASX 200 futures strengthened 0.75 per cent in early trade. Japan’s Nikkei 225 futures slipped 0.13 percent. Hong Kong’s Hang Seng index futures gained 0.33 percent.
Overnight, US stocks rose as investors expected the Federal Reserve to stick to its subsidiary policy as the two-day meeting of the central bank went on.
The Dow Jones rose 0.01 percent, the S&P 500 0.52 percent and the Nasdaq Composite 1.21 percent.
Meanwhile, oil prices rose on Wednesday, boosting gains from the previous session, disrupting US offshore oil and gas production in the form of a storm and an industry report showed a large drop in US raw material stocks.
Brent crude was up 15 cents, or 0.4 percent, to trade at $ 40.68 a barrel at 0055 GMT, while US crude rose 18 cents, or 0.5 percent, to $ 38.46 a barrel. Both contracts rose more than 2 percent on Tuesday.
Benchmark indices traded higher on Tuesday due to gains in HDFC Bank, ICICI Bank, Reliance Industries, HDFC, Kotak Mahindra Bank, Infosys and Axis Bank. The Sensex rose 0.74 percent or 288 points to 39,044 and the Nifty 50 index closed up 82 points or 0.71 percent at 11,522.