Indian Indices:
Indian markets likely to witness a negative opening tracking a bearish trend across most Asian stocks as investors across the globe weighed comments from Fed Chair Janet Yellen. SGX Nifty is trading 21.00 points down.
Indian shares inched lower on Friday, marking its worst week since early May, as investors stayed on the sidelines ahead a speech by U.S. Federal Reserve Chair Janet Yellen in Jackson Hole, Wyoming later in the day
The S&P BSE Sensex and CNX Nifty fell 0.19%-0.23% each. On Friday (August 26, 2016), BSE SENSEX closed at 27782.25, down by 53.66 points or by 0.19%, and the NSE Nifty ended at 8572.55, down by 19.65 points or by 0.23%.
Global Market:
Asian share markets slipped on Monday while the U.S. dollar held firm on Monday after U.S. Federal Reserve Chair Janet Yellen indicated an interest rate increase remains on the cards for this year.
U.S. stocks closed lower in choppy trading and the U.S. dollar surged on Friday as investors grappled with the possible timing of an interest rate hike after comments from several Federal Reserve officials, including Chair Janet Yellen.
European shares rose on Friday after Federal Reserve chair Janet Yellen gave no firm indication about when the Federal Reserve might raise interest rates, encouraging markets after hawkish comments from Fed policymakers last week. Major
Major Headlines of the day:
JSW to set up 10-mt steel plant in Odisha for Rs50,000 cr
GMR wins bid for Goa airport
RIL focuses on domestic market for refined products Mahindra Group bets on branded car spare parts
Trend in FII flows:The FIIs were net buyers of Rs 341.35 Cr in the cash segment on Friday while the DIIs were net sellers of Rs -266.43 Cr, as per the provisional figures.
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