Ahead of the crucial US Federal Reserve meeting, the domestic equity markets traded cautiously in a range-bound manner before ending the day on a flat note. The 30-share Sensex ended the day at 19,837.99 points, marginally up by 54.48 points or 0.28%. On the other hand, the Nifty ended the day at 5,900.65 points, up by 31.9 points or 0.54%.
Market experts feel that in order to help the broader US economy from a possible slowdown and revive the sinking US housing market, US Fed doesn?t have any other option but to slash federal fund rate by another 25bps. If the Fed cuts key interest rate by 25bps, market experts feel that emerging markets would witness increased flow of funds from Foreign institutional investors and that would push the Indian equity indices to new highs.
