Indian Indices:
Indian equities are likely to open on a flat note with positive bias on Friday as global sentiment remained fragile after the US Federal Reserve raised key interest rates and indicated of faster pace of tightening next year. SGX Nifty is trading 8.00 points lower.
Indian shares fell on Thursday, dragged down by pharma stocks, while sentiment was hit as the U.S. Federal Reserve signalled a faster-than-expected pace of tightening next year, spurring fears of dollar outflows from emerging markets. The S&P BSE Sensex and CNX Nifty fell 0.31%-0.35% each.
The 30-share benchmark index closed trade at 26602.84, fell by 94.98 points or by 0.36%, and the NSE Nifty ended at 8182.45, slipped by 39.35 points or by 0.48%.
Global Market:
Asia stocks tepid, dollar near 14-year peak on Fed rallyUS stocks rose on Thursday, led by gains in bank shares, a day after the Federal Reserve raised interest rates for the second time in nearly a
decade.
European shares rose on Thursday, helped by gains in global banks after the Federal Reserve raised U.S. interest rates, while growing corporate deal activity underpinned year-end optimism.
Major Headlines of the day:
• Maruti Suzuki to launch premium hatchback Ignis on Jan 13
• Dilip Buildcon bags Rs 260 cr project in Andhra
• Ruchi Soya Q2 net nosedives 78% at Rs 27 cr
Trend in FII flows: The FIIs were net buyers of Rs -611.97 Cr in the cash segment on Thursday while the DIIs were net sellers of Rs -177.48 Cr, as per the provisional figures.
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