Indian Indices:
Markets are likely to open on subdued note on Wednesday amid renewed concerns about the UK's exit from the European Union and US Fed increasing interest rate later this year. SGX Nifty is trading 14 points higher.
Indian shares edged up on Tuesday, set for a third straight session of gains, but investors treaded with caution ahead of the central bank's monetary policy announcement later in the day, which marks Urjit Patel's maiden review as the governor. The S&P BSE Sensex and CNX Nifty rose 0.32%-0.36%.
On Tuesday (October 04, 2016), SENSEX closed at 28334.55, up by 91.26 points or by 0.35% and the NSE Nifty ended at 8769.15, up by 31.05 points or by 0.36%.
Global Market:
Asian shares and gold retreated on Wednesday and bond yields were near two-week highs after markets were rattled by a report flagging the possible withdrawal of global stimulus measures.
US stocks on Tuesday finished in the red in the wake of a report that the European Central Bank could start winding down its quantitative-easing program ahead of schedule.
European shares advanced on Tuesday, with Germany's Deutsche Bank hitting a two-week high following steep losses and the world's biggest education company Pearson gaining after encouraging comments by Morgan Stanley.
Major Headlines of the day:
SpiceJet announces festival sale; tickets starting at Rs888
Atlas Copco to spend Rs 70 cr to raise Hyderabad plant capacity
Vodafone bets on SuperNet to drive growth in Odisha
Trend in FII flows: The FIIs were net buyers of Rs 344.13 Cr in the cash segment on Tuesday while the DIIs were net sellers of Rs -172.23 Cr, as per the provisional figures.
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