Markets hit fresh record highs ahead of FED meet: Markets opened marginally higher but failed to sustain gains at higher levels amid profit taking in IT shares. The US Federal Reserve will meet for its two-day policymeet, the first in 2015, on Tuesday. Analysts expect it to maintain its earlier stance of remaining 'patient' on increasing the key rates. Globally, equity markets have largely shrugged off the outcome of Greece election. The victor Syriza Party has promised to re-negotiate Greece debts with its international creditors and bring a halt to the austerity measures.
At 9:45 AM, the S&P BSE Sensex was trading at 29390 up 111 points, while NSE Nifty was trading at 8853 up 19 points. The Mid-cap and Small-cap Index, both, is outperforming the broader indices. The market breadth indicating the overall health of the market is positive. The Indian rupee opened at 61.50 a dollar, down 8 paise compared to Friday's closing value of 61.42 per dollar.
At 9:45 AM, the S&P BSE Sensex was trading at 29390 up 111 points, while NSE Nifty was trading at 8853 up 19 points. The Mid-cap and Small-cap Index, both, is outperforming the broader indices. The market breadth indicating the overall health of the market is positive. The Indian rupee opened at 61.50 a dollar, down 8 paise compared to Friday's closing value of 61.42 per dollar.
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