Indian Indices:
Indian equities are likely to open on bearish note, after US Federal Reserve raised key interest rates, in line of expectations, by 25bps to between 0.50% and 0.75%. SGX Nifty is trading 66.00 points lower.
Back home, India's wholesale price index (WPI) eased to five-month low of 3.15% in November as compared to 3.39% in the previous month
Indian shares eased on Wednesday tracking subdued Asian markets on caution ahead of a near-certain Fed rate hike later in the day, while Coal India Ltd fell the most on the NSE after disappointing quarterly results. The S&P BSE Sensex and CNX Nifty fell 0.36%-0.48% each.
The 30-share benchmark index closed trade at 26602.84, fell by 94.98 points or by 0.36%, and the NSE Nifty ended at 8182.45, slipped by 39.35 points or by 0.48%.
Global Market:
Asian shares and currencies struggled on Thursday after the Federal Reserve raised rates for the first time in a year and hinted at the risk of a faster pace of tightening than investors were positioned for.
European shares fell from an 11-month high on Wednesday, with Switzerland's Actelion slumping after U.S. healthcare company Johnson & Johnson ended discussions over a potential deal with Europe's largest biotech firm.
US stocks fell in choppy trade Wednesday, led lower by energy and utilities, after the Federal Reserve raise rates for the second time in a decade.
Major Headlines of the day:
TCI Express to relist on exchanges after demerger from TCI
CCI approves merger of Hinduja Foundries with Ashok Leyland
NTPC to replace 11 GW old capacity with Rs 50k cr investment
Trend in FII flows: The FIIs were net buyers of Rs -632.29 Cr in the cash segment on Wednesday while the DIIs were net sellers of Rs 210.86 Cr, as per the provisional figures.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
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