Page 32 - Fomc News Today : Breaking News, Live Updates & Top Stories | Vimarsana

After relentless selling in recent days, Nifty has temporarily paused its decline due to an oversold chart setup, Rupak De, Senior Technical analyst at LKP Securities said, adding that the index closed significantly below the critical breakdown level of 19,250. As long as it stays below 19,250, the market may continue to be inclined towards selling on any upward movements, he opined as he sees a further downside opening below 18,800 if weakness continues from here, he added.

The U.S. central bank is expected to keep interest rates unchanged; Apple has a product launch event Monday.

Consumer sentiment improved slightly at the end of October, but higher gas prices left people more worried about inflation.

Orders for durable or long-lasting goods jumped 4.7% in September, largely because of a flush of new contracts for Boeing airplanes.

The Fed appears virtually certain to leave rates on hold at their November 1 interest rate announcement, but markets will watch for clues for future interest rate moves.