Monday, 14 September 2015

Nifty eyes 7800 in start to crucial Fed week

Indian equities may be off to a positive start but will likely tread water for the early part of the day as markets kick off an extremely crucial week -- one in which the Federal Reserve is likely to consider for the first time in nine years whether to increase interest rates. Key Asian markets were trading mixed with Hong Kong leading with gains of 1 percent while Nikkei was down the most at -0.3 percent. In Singapore, SGX Nifty was trading marginally above 7,800, up 0.3 percent. Traders say the market's movement this week, especially on Friday, will be crucial as the months-long uncertainty over the Federal Reserve's monetary policy decision will come to an end. The odds of the Fed hiking rates while being even earlier have somewhat reduced following recent volatility in global equity and currency markets, experts say, but they add that even if a rate hike does take, it could be priced in.

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