Stock Markets sentiments at a Glance under Fed Outcome

INDORE, India - Dec. 14, 2016 - PRLog -- Equity Benchmark indexes continued trading on a cautious note today, the 14th December, 2016,  following  mixed global cues, because investors wait for the Fed policy outcome.
At 12:00 hours, the S&P BSE Sensex was trading at 26,681, down 16 points, while the broader Nifty50 was quoting 13 points down at 8,208.70 surrounded by FOMC outcome on coming session.  In broader markets, BSE  Midcap was up 0.14 percenet while the Smallcap index gained 0.25 percent,
Overall index has been recording in between 8055 to 8275 zones from the past 3 three weeks. Retail inflation fell to 3.63 percent keeping a record low since demonetization.
Fed is broadly anticipated to raise rates at its 2-day meeting that started on Tuesday with markets pricing possibility of 0.25 to 0.50% hike.  Parallelly,  foreign investors turned net sellers with net sale value of Rs. 2181 crore. Domestic investors bought shares worth Rs 179 crore, as per accounts of Bombay Stock Exchange.
The inflation based on CPI (Consumer Price Index) fell to 3.63% in November as a record low from 4.2% in October. The main reason is attributed to demonetization. However, RBI had noted that due to base effect,  the rate of inflation may reverse and turn unfavorable in December and February. A falling currency would also assist the RBI'S efforts to lift persistently low inflation.
Gold prices reached higher in Asian trade today on a weaker dollar, while  Japan's Nikkei went the other way, easing 0.1 percent with moves across the region modest at best.
The shareholders of  Tata Consultancy Services (TCS) voted on Tuesday (13th Dec. 2016) on a resolution to remove Cyrus Mistry from the board, but Mistry threw in the towel even before the meeting stating his eviction was a foregone conclusion as the Tata held  73 percent  shares in the software giant.
TCS  was trading 0.59 percent  up after Mistry was removed as director of TCS with over 93 percent votes for his ouster, 100 percent of promoter group votes and 57 percent of public institutional shareholders voted to remove him.

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