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Before Market Opens: Indian markets are set to open higher on Thursday following mixed trade in global peers after the US Federal Reserve kept the interest rate unchanged for the 6th straight time, as expected. Let's take a look at some key cues before the market opens today:
US Fed decision today: US Federal Reserve expected to maintain policy rates and stance. Fed Chair Powell's press conference will be closely watched after the FOMC interest rate decision. Experts divided on rate cut projection for 2024.
US Fed meet begins today: The US Federal Reserve's policy meeting is a key event this week. Inflation remains above 2 per cent, leading to expectations of no rate cut. Experts anticipate the Fed will maintain interest rates due to high inflation and economic concerns.
The US Federal Reserve is expected to maintain unchanged rates at its two-day policy meeting, but experts anticipate signals regarding future rate reductions.
US Fed meeting, corporate earnings, Budget, and several IPOs are likely to impact Dalal Street investors this week. “Going forward, global market factors like the policy rate decisions of major countries will affect the market, and markets are likely to witness stock-specific actions during the ongoing earnings season,” said Vinod Nair, Head of Research, Geojit Financial Services.