Nifty Likely to Open Flat Today as US Fed Tapering Speculation Continues

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Nifty Likely to Open Flat Today as US Fed Tapering Speculation Continues

By Aditya Raghunath

Investing.com -- Nifty 50  and the BSE Sensex 30 are likely to open flat today as speculation about the US Federal Reserve’s tapering program continues. Though the US Fed has said that it will continue to ensure liquidity stays in the system, there have growing calls for the easy money program to end.

US Federal Reserve Bank of Atlanta President Raphael Bostic fanned the asset tapering debate on Monday, saying that the central bank should move faster than in past episodes and begin the process with another month or two of strong employment gains.

Nifty 50 Futures in Singapore are trading down less than 0.1% which indicates a flat, cautious opening in India.

Zomato Ltd (BO: ZOMT ) is scheduled to release its Q1 numbers today. These numbers will decide if the sell call by HSBC on the stock is accurate or if the stock will continue to remain a market favourite.

Asia markets have opened mixed. Apart from Fed talks, there is concern over the rising number of COVID cases in the continent. Nikkei 225 is up 0.26% while KOSPI 50 is down 0.67% and the Shanghai Composite is down less than 0.1% as of this report.

All US futures are in the red. Dow Jones 30 Futures are down 0.17%, S&P 500 Futures are down 0.16% and Nasdaq 100 Futures are down 0.14%.

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  • Pothineni ramesh babu @Pothineni ramesh babu
    Why raising nse aggressively , no reason , may be speculation with trapping. Suddenly up & down movements indicates speculation
    Like 0
  • Ashok Kanojiya @Ashok Kanojiya
    which is the best news to know about bank nifty
    Like 0
  • shubham thakur @shubham thakur
    aj to nifty gayo
    Like 0
  • Sankalp Vij @Sankalp Vij
    good article with nice prediction
    Like 0
  • Bharath Renuka Swamy @Bharath Renuka Swamy
    Market will slowly increase post lunch session
    Like 0
  • satyabrata nayak @satyabrata nayak
    market will crash, inflation increase all time high
    Like 4
    • Rohit Kulkarni @Rohit Kulkarni
      @satyabrata nayak just one opportunity to write any where..and suddenly all disctators starts dictating market will fall..inflation high, inflation down, such buggers are d worlds biggest losers and start giving order type astrological decisions.
      Like 0
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