Indian stock markets could open with an increase on Wednesday (17 September) amidst mixed trend of global markets. Gift NIFTY FUTURES GIFT NIFTY FUTURES was increased by 58 points to 25,394 at 8 am. This indicates that the benchmark index will open with the Nifty-50 increase. Investors are focused on developments related to the trade agreement between India and the US. After a seven -hour meeting on Tuesday, India and the US agreed to intensify the efforts for the tariff agreement. The conversation took place at the commerce building in New Delhi. It was led by Brendon Lynch, assistant to USTR for South and Middle East and Rajesh Aggarwal, Special Secretary, Commerce Department of India. Apart from this, investors’ eyes will also be on the US central bank Federal Reserve. The Federal Reserve will take a decision on interest rates on Wednesday. Experts say that the central bank may cut it.
Global market
On Wednesday, Asian markets saw a decline. The impact of the decline in Wall Street was also seen on the Asian markets. Investors are waiting for the results of the two -day policy meeting of the US Federal Reserve. It is widely expected that interest rates will be cut. Japan’s Nikkei index remained stable, while the topics fell by 0.53 percent. Kospi and ASX 200 also remained 0.94 percent and 0.63 percent below respectively. There was no significant change in the US equity futures before the Federal Reserve’s decision on Wednesday. The central bank is expected to cut interest rates for the first time since December.
S&P 500 closed at 6,606.76 after setting a new record at the beginning of the session. Nasdaq composite fell 0.07 percent to 22,333.96 and Dow Jones Industrial Average fell at 125.55 points or 0.27 percent to close at 45,757.90.
IPO listing today
Shares of Urban Company, Dev Accelerator and Shringar House of Mangalsutra will start in the stock market on Wednesday. Especially the Urban Company is likely to be fantastic. In its shares in the gray market, about 50 percent of the premiums are being indicated.
