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Tuesday, September 20, 2016

Flat opening on D-Street ahead of Fed, BOJ decisions

Stock Tips

Indian Indices:

Indian markets likely to open on a subdued note on Wednesday as investors awaited policy decision from central banks in the US and Japan which may offer cues over the outlook for the global economy, curbing risk taking appetite. SGX Nifty is trading 8799.50 points 0.03 lower.

The focus is on the US Federal Reserve and the Bank of Japan with both central banks slated to unveil money policy reviews later in the day. Indian shares ended lower on Tuesday, snapping a four-day rally, as sentiment stayed cautious ahead of policy meetings by the Federal Reserve and the Bank of Japan later this week.

On Tuesday (September 20, 2016), BSE SENSEX closed at 28523.20, down by 111.30 points or by 0.39%, and the NSE Nifty settled at 8775.90, fell by 32.50 points or by 0.37%.

Global Market:

Japanese stocks were down in volatile trade for Asian markets as investors nervously waited on the outcome of the Bank of Japan's policy meeting amid growing speculation the central bank might step up its efforts to boost inflation.

US stocks on Tuesday ended little-changed, paring modest gains into the close, as traders grew cautious on the eve of a pair of major central-bank decisions.

European shares ended little changed on Tuesday as investors remained cautious ahead of monetary policy decisions from the Federal Reserve and Bank of Japan on Wednesday.

Major Headlines of the day:
BP sells 8.5% stake in Castrol India
Lupin caught in legal tussle over 'patent infringement'
Infy exits show challenge for Sikka in biz makeover

Trend in FII flows:The FIIs were net sellers of Rs -1146.93 Cr in the cash segment on Tuesday while the DIIs were net buyers of Rs 777.52 Cr, as per the provisional figures.

STOCKS IN BAN PERIOD: CEATLTD, CENTURYTEX, HDIL, KSCL, IBREALEST, RELCAPITAL, WOCKPHARMA.

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