Market Commentary - Pre-Session
Indices headed for subdued opening As on : 15-Jun-23  08:34

SGX Nifty:

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 25 points at the opening bell.

Global markets:

Overseas, Asian stocks hit two-month highs following the US Federal Reserve's choice to leave the interest rates unchanged.

US stocks settled mixed overnight after the US Federal Reserve kept the interest rates unchanged at its policy meet, but hinted at rate hikes ahead.

The Federal Reserve kept its key interest rate unchanged at the 5%-5.25% range Wednesday after having raised it 10 straight times to combat high inflation. But in a surprise move, the Fed signalled that it may raise rates twice more this year, beginning as soon as next month.

Domestic markets:

Back home, the Indian equity indices ended with decent gains on Wednesday, rising for the third consecutive trading session. The barometer index, the S&P BSE Sensex rose 85.35 points or 0.14% to 63,228.51. The Nifty 50 index rose 39.75 points or 0.21% to 18,755.90.

Foreign portfolio investors (FPIs) bought shares worth Rs 1,714.72 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 654.77 crore in the Indian equity market on 14 June, provisional data showed.

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