Improved global sentiments are likely to instill strength in domestic equities on Tuesday. As of 8:15 am, the SGX Nifty suggested a positive start at the bourses at 17,094, up 70-odd points.
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Improved global sentiments are likely to instill strength in domestic equities on Tuesday. As of 8:15 am, the SGX Nifty suggested a positive start at the bourses at 17,094, up 70-odd points.
Today, the
US Federal Reserve will begin its two-day Federal Open Market Committee meeting (FOMC) to mull interest rate trajectory and policy outlook.
Overnight, the US
markets saw a relief rally after the government brokered a rescue deal for crisis-hit Credit Suisse. Dow Jones, NASDAQ Composite, and the S&P 500 indices climbed up to 1 per cent.
The strength spilled across
markets in Asia-Pacific too, with the S&P 200, Kospi, Kosdaq, and Hang Seng indices rising up to 1 per cent.
In the commodity market, oil prices stabilised after diving to 15-month lows, amid recession fears. Brent Crude, and WTI Crude declined up to 0.6 per cent to $73 per barrel, and $67 per barrel, respectively.
Back home, shares of Bharti Airtel will remain in focus after the telecom operator rolled out various family plans offering monthly data in the range of 105-320 GB.
Besides, shares of Carborundum Universal will also be tracked after the company signed an agreement with DRDO to manufacture ceramic radomes used in aerospace and missile systems.
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