Indian markets are expected to open flat tracking the SGX Nifty.
US Markets moved mostly higher during trading on Tuesday extending the upward
trend seen over the past several weeks. With the advance all three of the major
averages reached new record closing highs. The markets continued to benefit from
recent upward momentum amid optimism following Presidentelect Donald Trumps
surprise victory last month.
European markets closed higher on Tuesday as investors focused on the upcoming
meeting of the Federal Reserve and digested betterthanexpected data out from
China.
Indian markets closed higher on Tuesday after seeing initial volatility. However
caution prevailed ahead of the U.S. Federal Reserves monetary policy decision on
Wednesday. The Fed is widely expected to increase interest rates by 25 basis points
reflecting the first rate hike in a year.
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