Friday, 18 September 2015

Nifty may shrug off Fed news and open mildly higher

The India equity market may shrug off the negative news from Fed and open mildly higher. The market indicator SGX Nifty too is trading in the green with 23 points up at around 7963 around 7.30 am in the morning. The market was closed for trading on Thursday. However, the markets had rallied on Wednesday and closed higher. Asian shares outside Japan mostly rebounded early Friday, recovering from early losses after the Federal Reserve cited concerns about global economic growth in its decision to hold off on its first rate hike in nearly a decade.

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