Nifty Futures Updates by Research Via

indore, india, March 16, 2016 (Newswire.com) - Today, Sensex started on a cautious note in morning trade with a negative bias. The fell down in the index was led by losses in ICICI Bank, HDFC, Bajaj Auto, TCS & Asian Paints.

The Nifty-50 was trading near its critical psychological support level of 7,450 weighed down by losses in IT, metal, consumer durable, banks, and auto stocks. Click for Nifty futures tips

The BSE Sensex had ended low by 253 pts on yesterday while the NSE tanked 78 pts. The broader market traded in line with the benchmark indices with the BSE midcap & smallcap indices trading very flat. The native currency had fallen 27 paise to settle at 67.38 on Tuesday amid sustained dollar demand from banks and importers.

Few experts, meanwhile, believe RBI is going to cut policy rate within a couple of days after the Fed outcome, which may support the market movement. "We are expecting that after the Fed gives its statement, RBI could come out with a rate cut either on tomorrow or Friday as by then the central bank will have all the data points that it needed, including the CPI reading, which was below estimations," told by market expert Ajay Bagga.

Asian markets updates: Most Asian markets were trading higher. China's CIS300 rose by 0.25 per-cent to 3,082.59. Other Asian indices, including Hong Kong's Hang Seng went (up by 0.26 per-cent), South Korea's Kospi went (up by 0.29 per-cent) and TWSE (went up by 0.66 per-cent) were trading higher. Japan's benchmark Nikkei was trading 0.38 per-cent lower at 17,051.

US market : Wall Street closed at mixed on Tuesday, with the S&P500 index falling down by 0.18 per-cent to 2,015.93, while the Dow Jones Industrial Average advanced 0.13 per-cent to 17,251.53 ahead of the Fed outcome.

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