Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 23 points at the opening bell.
Overseas, Asian stocks are trading mixed Thursday after the U.S. Federal Reserve cut interest rates as widely expected. The Bank of Japan (BoJ) is in focus on Thursday, with the central bank set to announce its interest rate decision and monetary policy statement.
U.S. stocks ended mixed Wednesday after Fed cut rates but cast doubt on future stimulus.
The Fed announced it would cut the benchmark federal funds rate a quarter percentage point to a range of 1.75% to 2% Wednesday, but said in an accompanying statement that sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2% objective are the most likely outcomes.
The Fed also released a survey of Fed Board members and regional Fed bank presidents, which showed that the median respondent believes the Fed funds rate would be at present levels through the end of 2020.
Back home,key benchmark indices snapped two-day losing streak and ended with decent gains on Wednesday. Market steadied following a decline in crude prices Tuesday that spiked after a weekend attack on a Saudi oil facility. The barometer index, the S&P BSE Sensex, rose 82.79 points or 0.23% to 36,563.88. The Nifty 50 index rose 23.05 points or 0.21% to 10,840.65.
More From This Section
The trading activity on that day showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 959.09 crore yesterday, 19 September 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 780.45 crore yesterday, 19 September 2019, as per provisional data.
Powered by Capital Market - Live News