Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
21 October, 2017 21:32 IST
Markets likely to open with positive bias: Angel Broking
Source: IRIS | 16 Mar, 2017, 09.17AM
Comments  |  Post Comment

Indian markets are likely to open with a positive bias tracking the SGX Nifty, said Angel Broking in its report.

US stocks rose on Wednesday in spite of the Federal Reserve raising interest rates. The Federal Reserve raised the target range for the Fed Funds Rate by 25 basis points. The Fed also stated that economic data indicated that the labor market has become stronger and that economic activity has to expanded at a moderate pace. Gold and airline stocks had a strong session with the NYSE Arca Gold Bugs Index and the NYSE Arca Airline Index closing up by 7.8 percent and 3 percent respectively.

UK stocks closed slightly positive as investors stayed on the sidelines ahead of the interest rate decision by the Federal Reserve. The UK jobless rate declined to its lowest level since 1975 as companies hired more staff due to robust economic activity. Mining stocks were positive as rising metal prices and weak dollar provided a boost to the sector. Glencore closed up 2.86 percent and Rio Tinto also rose by 0.95 percent.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Expert Speak
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer