Indian markets are expected to open in the red tracking the SGX Nifty and weak
Asian cues.
US benchmarks ended marginally in the negative but well off the lows of the day as
cautiousness prevailed ahead of the FOMC meet. The fed is expected to keep
interest rates unchanged but investors will keep a close eye on Fed Chairs comments
regarding the future outlook.
European markets declined following the release of weaker than expected German
business confidence data. Investors also remained cautious ahead of the central
bank meetings in the U.S Japan.
Indian markets closed negative on the back of weak global cues currency weakness
and selling pressure ahead of the FO expiry on Thursday. Reliance Industries
tumbled 2.4% despite reporting its highest quarterly net profit in over eight years.
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