BSE Sensex and Nifty are poised to open higher tracking mixed Asian
markets and overnight gains on Wall Street. The SGX CNX Nifty was up
0.30 per cent at 7,842, indicating a higher start for Indian markets.
Here are top 10 developments:
1) With the September 17 Fed meet drawing closer and today being the final trading week, analysts say that traders in Indian markets are likely to remain cautious. This could keep the gains capped.
2) The Federal Reserve is widely expected to raise its interest rate later this month amid improving economic recovery in the US.
3) However, some analysts say that the recent turmoil in the global markets triggered by the devaluation of China's currency could force the Fed to delay the rate hike.
4) Analysts say that in the short term Indian markets are likely to take cues from its global peers, which are expected to remain volatile till the crucial US Fed meet.
5) Analysts also remain worried about the relentless selling from foreign investors in Indian stock markets. Foreign investors sold a record Rs 16,877 crore worth of domestic stocks in August. On top of that, they sold Indian stocks worth nearly Rs 6,000 crore in the past eight sessions.
6) An interest rate hike in the US could accelerate the selling from foreign investors who would like to park their money in US bonds. Besides, a rate hike in the US would strengthen the dollar, putting further pressure on rupee.
7) Domestic institutional investors have been buyers of stocks despite the selloff from foreign investors, providing some support to Indian markets. On Thursday, they bought shares worth Rs 66 crore.
8) Traders will also keep an eye on the rupee which affects the dollar returns of foreign investors. The dollar index, which tracks the greenback against a basket of six major rivals, edged up today. The rupee had ended lower at 66.43/dollar on Thursday against the previous close of 66.41.
9) Asian markets were mixed today with Japan's Nikkei and China's Shanghai Composite trading flat. Hong Kong's Hang Seng rose 1.4 per cent.
10) Overnight, on the Wall Street, major indexes edged higher amid a bout of volatile trade as investors showed nervousness ahead of next week's Federal Reserve meeting. The Dow Jones industrial average rose 76.83 points, or 0.47 per cent.
Here are top 10 developments:
1) With the September 17 Fed meet drawing closer and today being the final trading week, analysts say that traders in Indian markets are likely to remain cautious. This could keep the gains capped.
2) The Federal Reserve is widely expected to raise its interest rate later this month amid improving economic recovery in the US.
3) However, some analysts say that the recent turmoil in the global markets triggered by the devaluation of China's currency could force the Fed to delay the rate hike.
4) Analysts say that in the short term Indian markets are likely to take cues from its global peers, which are expected to remain volatile till the crucial US Fed meet.
5) Analysts also remain worried about the relentless selling from foreign investors in Indian stock markets. Foreign investors sold a record Rs 16,877 crore worth of domestic stocks in August. On top of that, they sold Indian stocks worth nearly Rs 6,000 crore in the past eight sessions.
6) An interest rate hike in the US could accelerate the selling from foreign investors who would like to park their money in US bonds. Besides, a rate hike in the US would strengthen the dollar, putting further pressure on rupee.
7) Domestic institutional investors have been buyers of stocks despite the selloff from foreign investors, providing some support to Indian markets. On Thursday, they bought shares worth Rs 66 crore.
8) Traders will also keep an eye on the rupee which affects the dollar returns of foreign investors. The dollar index, which tracks the greenback against a basket of six major rivals, edged up today. The rupee had ended lower at 66.43/dollar on Thursday against the previous close of 66.41.
9) Asian markets were mixed today with Japan's Nikkei and China's Shanghai Composite trading flat. Hong Kong's Hang Seng rose 1.4 per cent.
10) Overnight, on the Wall Street, major indexes edged higher amid a bout of volatile trade as investors showed nervousness ahead of next week's Federal Reserve meeting. The Dow Jones industrial average rose 76.83 points, or 0.47 per cent.
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