Wednesday 27 July 2016

Sensex, Nifty To Open On A Flat Note

Posted by suhani varma on Wednesday, July 27, 2016 with No comments

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The indices are set to open on a flat note. Asian markets are trading mixed. Hong Kong's Hang Seng and Nikkei 225 are trading higher. Shanghai Composite is trading in red. The focus will remains on the Federal Reserve, with concludes its two-day policy meeting later in the day.

US equity markets closed mixed note. The Dow Jones industrial average dipped 0.1% to 18,473.75 and the S&P 500 edged up 0.03% to 2,169.18. The Nasdaq Composite added 0.24% to 5,110.05. 

The government seems to be in a better position now regarding the unified tax regime in the country as the empowered panel of state finance ministers managed a broad consensus on key issues regarding GST with the Finance Minister. The Congress will be upset that GST rate would be kept out of the Constitution. But others aren’t complaining much except on an issue of compensation to states. Companies announcing their numbers today include Asian Paints, Bajaj Auto, Bharti Airtel, HDFC, YES Bank.

Raghuram Rajan on Tuesday staunchly defended his record in curbing inflation and cleaning up bad debt at banks, and he called on the government to protect the central bank's independence.

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