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Markets Today: Indian stock markets are expected to take cues from the US Federal Reserve’s latest decision to leave interest rates unchanged
Stock Market Today
Markets Today: Indian stock markets are expected to take cues from the US Federal Reserve’s latest decision to leave interest rates unchanged, amid ongoing concerns over sticky inflation and rising unemployment.
Closer to home, investor sentiment may be dampened by geopolitical concerns after India’s recent strikes on terror camps in Pakistan and Pakistan-occupied Kashmir, raising fears of escalation. Markets will also track earnings from key companies including Larsen & Toubro and Britannia Industries.
Global Cues
Asia-Pacific markets were largely positive in Thursday morning trade. Japan’s Nikkei 225 rose 0.23%, while the broader Topix slipped slightly by 0.12%. South Korea’s Kospi gained 0.23%, with the Kosdaq up 0.61%. Australia’s S&P/ASX 200 inched higher by 0.12%.
In China, Hong Kong’s Hang Seng index was up 0.26%, and the mainland CSI 300 gained 0.31%.
Overnight, Wall Street ended in the green following the Fed’s status quo on rates. The S&P 500 rose 0.43% to close at 5,631.28, the Nasdaq Composite added 0.27% to finish at 17,738.16, and the Dow Jones advanced 0.70% to 41,113.97.
US futures were also trading higher following the Fed’s announcement. S&P 500 futures climbed 0.44%, Nasdaq 100 futures advanced 0.66%, and Dow Jones futures were up 0.25%.
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