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5 things you should know before market opens on Wednesday

Nifty futures on the Singapore Stock Exchange were trading 9 points down at 8793.50 (at 7.59 am IST), indicating flat-to- negative start for domestic equity markets

By: | New Delhi | Updated: September 21, 2016 8:15 AM
Sensex, Nifty, BSE, NSE Nifty futures on the Singapore Stock Exchange were trading 9 points down at 8793.50 (at 7.59 am IST), indicating flat-to- negative start for domestic equity markets. (Photo: Reuters)

The BSE Sensex dipped 111 points Tuesday on account of weak global cues and the Nifty 50 index breached the psychological 8,800-mark as investors turned cautious ahead of key policy meetings of the US Federal Reserve and Japanese central bank. The 30-share index closed 0.39 per cent down at 28523.20 on Tuesday, while Nifty 50 index settled 0.37 per cent lower at 8,775.90. Today, markets may open on flat note with negative bias.

Below are 5 things you should know before market opens on Wednesday:

1) Nifty futures on the Singapore Stock Exchange were trading 9 points down at 8793.50 (at 7.59 am IST), indicating flat-to- negative start for domestic equity markets.

2) Asian markets were trading lower in the morning trade on Wednesday, while the yen was steady as investors braced for the outcome of the Bank of Japan’s policy meeting amid heightened speculation the central bank will make crucial changes to its massive easing programme. Hang Seng, Nikkei and Shanghai were down by 0.21 per cent, 0.42 per cent and 0.13 per cent, respectively.

3) On Wall Street, Dow Jones Industrial Average gained 0.05 per cent on Tuesday, the S&P 500 added 0.03 per cent, and the Nasdaq Composite jumped by 0.12 per cent.

4) Oil prices were trading higher in early Asian trade with US crude oil futures up 2 per cent to $44.85 per barrel.

5) Stocks in focus: Shares of Inox Leisure, FTIL and MCX will remain in focus on Wednesday. The Reserve Bank of India has allowed foreign investors to buy up to 49 per cent stake in Inox Leisure Ltd under the Portfolio Investment Scheme (PIS).

CBI on Tuesday arrested promoter of FTIL and commodity bourse MCX Jignesh Shah in a case of alleged cheating and suppression of facts in getting SEBI extension to MCX-SX to continue as a private stock exchange in violation of norms.

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