A Federal Reserve interest rate -hike or not- announces its decision on Thursday eventually could lift markets sentiment but after the initial reaction, equity markets touched new highs perform rocky.
Market participants have been concerned about a volatile reaction to a probable Fed rate hike in the near future. There are several countries which will get negatively impacted by a rate increase in US but India seems well placed to handle a globally volatile scenario.
For today's, Global market might see a high opening low closing scenario in global markets as U.S. stock futures are turning low after reaching near major resistance levels of their current, small range.
While the Indian share market traded with steady gains throughout the day The S&P BSE Sensex closed 258.04 points, or 1 per cent, higher at 25,963.97 while the broader 50-stock NSE Nifty ended 70.05 points, or 0.89 per cent, at 7,899.15.
Many experts say it's a toss-up whether the Fed will pull the trigger Thursday after a two-day meeting.
History clearly shows the emerging markets are vulnerable and highly sensitive to adverse changes in US policy rates so don't expect any big changes in stocks, bonds or currency levels.
we might recommended watch your local index for these signs and trade with the trend.
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