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Nifty to Open Up Ahead of US Inflation Data; Two Companies to List Today

By Aditya Raghunath —  in Singapore are trading up 0.26% as of this report indicating a gap up opening for and the today.

Nifty closed at 17,355 on September 13, and markets experts say that sentiment is uncertain. A fall below 17,250 could indicate further weakness in the market while bulls say that Nifty is expected to consolidate between 17,400 – 17,500.

Retail inflation in August softened to 5.3%, the lowest it has been in four months according to data from the National Statistical Office.

The true gauge of sentiment today will be visible in the listing prices of two debutant companies: Ami Organics and Vijaya Diagnostic.

Foreign institutional investors (FIIs) were net buyers to the tune of Rs 1,419.31 crore on September 13.

Asian markets are trading mixed with up 0.58%, up 0.91% and the is down 0.12% as of this report.

Investors now await US inflation data for clues about the US Federal Reserve’s timetable to begin asset tapering. The data will give direction to the market on Wednesday.

US stocks closed higher after losing for five straight sessions. are up 0.17% while are up 0.16% and are up 0.11% as of this report.

Read More: Nifty to Open Up Ahead of US Inflation Data; Two Companies to List Today

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