The Nifty has hit 8100 on October F&O expiry day. The 50-share index is up 10.45 points at 8100.90. The Sensex is up 40.25 points at 27138.42. About 581 shares have advanced, 257 shares declined, and 34 shares are unchanged. Dr Reddy's Labs, Infosys, GAIL, HDFC and Wipro are top gainers in the Sensex. Among the losers are BHEL, Tata Motors, Sesa Sterlite, Hindalco and NTPC.Realty stocks are in focus with Sobha Developer, Prestige Estate and DLF as big gainers. The Indian rupee slipped in early trade. It has opened lower by 16 paise at 61.51 per dollar against previous day close of 61.35. The dollar index rises after the Federal Reserve ended its monthly bond purchase program and signaled confidence the US economic recovery would remain on track despite signs of a slowdown in many parts of the global economy.
US stocks closed with slight losses, finishing off their lows of the session, after the Federal Reserve ended its stimulative monthly bond-buying program and expressed confidence in US economic prospects.
Major indexes were volatile following the central bank's statement, with the S&P 500 down as much as 0.8 percent before pulling back. Material shares were lower throughout the session, a decline in Facebook pressured the Nasdaq, but strength in energy and financial shares helped the market recover.
In a statement after a two-day meeting, the Fed ended its quantitative easing program of bond purchases, as had been expected. At its peak, the program pumped USD 85 billion a month into the financial system. The Fed also dropped a characterization of US labor market slack as "significant" in a show of confidence in the economy's prospects. Brent crude prices slipped to USD 86 a barrel after the Fed announced it would end its two-year-old bond-buying stimulus program. Gold prices dropped over a percent following a strong dollar.
US stocks closed with slight losses, finishing off their lows of the session, after the Federal Reserve ended its stimulative monthly bond-buying program and expressed confidence in US economic prospects.
Major indexes were volatile following the central bank's statement, with the S&P 500 down as much as 0.8 percent before pulling back. Material shares were lower throughout the session, a decline in Facebook pressured the Nasdaq, but strength in energy and financial shares helped the market recover.
In a statement after a two-day meeting, the Fed ended its quantitative easing program of bond purchases, as had been expected. At its peak, the program pumped USD 85 billion a month into the financial system. The Fed also dropped a characterization of US labor market slack as "significant" in a show of confidence in the economy's prospects. Brent crude prices slipped to USD 86 a barrel after the Fed announced it would end its two-year-old bond-buying stimulus program. Gold prices dropped over a percent following a strong dollar.
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