Friday, 18 September 2015

Pre-Market: Nifty Seen Opening Higher; May Reclaim 7,950 Levels

Posted by suhani varma on Friday, September 18, 2015 with No comments

The 50-share Nifty index is expected to open higher on Friday, after the US Federal Reserve held off on raising interest rates. Tracking the momentum, the index may reclaim its crucial psychological level of 7,900-7,950 in trade today. At 08:00 A.M., Nifty India stock futures in Singapore were trading 20 points higher at 7,970 indicating a higher opening on the domestic market. 

"The US central bank held rates steady in a bow to worries about the global economy, financial market volatility and sluggish inflation at home, but it left open the possibility of a modest policy tightening later this year."

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