Opening Bell - Nifty above 8800 mark

India Infoline News Service | Mumbai | September 20, 201609:15 IST

At 9:15 AM, the S&P BSE Sensex is trading at 28,650 up 15 points, while NSE Nifty is trading at 8,816 up mere eight points.

At 9:15 AM, the S&P BSE Sensex is trading at 28,650 up 15 points, while NSE Nifty is trading at 8,816 up mere eight points.

The rupee opened lower two paise at 66.97/$ against US Dollar Tuesday as against the previous close of 66.95/$.

Asian markets opened slightly lower. Stocks in Japan re-opened mixed after being closed on Monday for a public holiday. Tokyo markets will be closed for another holiday on Thursday, with the highly-anticipated BOJ meeting sandwiched in between the market closures. Shanghai Composite and Hang Seng are trading in red, while Nikkei 225 up 0.11%.

Wall Street closed mostly flat on Monday after a choppy session, as investors geared up for two key central bank meetings. The Dow Jones industrial average fell 0.02% to close at 18,120.17 points. The S&P 500 fell less than a point and the Nasdaq fell 0.18% to end at 5,235.03 points. US crude oil futures slipped 0.2% to USD 43.22 a barrel, moving further away from overnight highs. Brent edged 0.1% lower to USD 45.91.

Market participants are awaiting the US Federal Reserve's Open Market Committee meeting scheduled on September 20-21, with Janet Yellen holding a news conference on Wednesday.

Moody’s Investor Service said that it saw the asset quality cycle bottoming out in Indian banks, indicating a stable outlook for the sector.

On the economy front, the finance ministry has invited applications for the post of chairman of the capital and commodities market regulator Securities and Exchange Board of India (Sebi). The tenure of current chairman U.K. Sinha ends on 1 March 2017.
 

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