Indian Indices:
Indian equity benchmarks are likely to open on a cautious note on Tuesday as investors stick to a cautious approach ahead of key central bank meetings this week which may offer cues over the outlook for the global economy, curbing risk taking appetite.SGX Nifty is trading 22.50 points lower.
Indian shares ended higher on Monday, posting their fourth straight session of gains, as investors awaited key central bank meetings in the United States and Japan this week for clues on global monetary policies. The S&P BSE Sensex and CNX Nifty rose 0.12%-0.33% each.
On Monday (September 19, 2016), BSE SENSEX closed at 28634.5, up by 35.47 points or by 0.12%, and the NSE Nifty settled at 8808.4, up by 28.55 points or by 0.33%.
Global Market:
Asian shares edged lower on Tuesday as investors nervously waited on the outcomes of the Federal Reserve and Bank of Japan policy meetings that begin later in the session.
US stocks on Monday closed essentially flat, after trading firmly higher, in a volatile session ahead of the start of a pair of closely watched central-bank policy meetings.
European shares edged higher on Monday in a modest rebound after two straight weeks of losses, led by financials and commodity stocks.
Major Headlines of the day:
Glenmark announces tie up for anti cancer drug
Karur Vysya Bank board announces stock split
Dr Reddy’s launches generic injection for kidney disease
Trend in FII flows:The FIIs were net buyers of Rs 205.38 Cr in the cash segment on Monday while the DIIs were net sellers of Rs -252.28 Cr, as per the provisional figures.
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