Indices higher on global cues; PSU banks, realty stocks gain
Domestic benchmark indices opened higher today mirroring positive global cues, and were led by gains in shares of public sector banks and real estate companies.
Nifty PSU Bank was the best performer among sectoral indices on NSE, up 1.6%, led by gains in shares of State Bank of India, Allahabad Bank, and Andhra Bank.
Asian equity markets traded on a mixed note in early trade today. While overnight gains in US equities underpinned sentiment, investors exercised caution ahead of the outcome of the US Fed meet. The Fed will wrap up its two-day monetary policy meeting later today.
US stocks pared losses made in the previous day as most market players expect the Fed to hike the federal funds rate by 25 basis points. Investors await the dot plot along with the policy statement that is an aggregate of policy makers' forecast for future interest rates.
Nifty PSU Bank was the best performer among sectoral indices on NSE, up 1.6%, led by gains in shares of State Bank of India, Allahabad Bank, and Andhra Bank.
Asian equity markets traded on a mixed note in early trade today. While overnight gains in US equities underpinned sentiment, investors exercised caution ahead of the outcome of the US Fed meet. The Fed will wrap up its two-day monetary policy meeting later today.
US stocks pared losses made in the previous day as most market players expect the Fed to hike the federal funds rate by 25 basis points. Investors await the dot plot along with the policy statement that is an aggregate of policy makers' forecast for future interest rates.
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