The Fed's Open Market Committee concludes its two-day policy meeting Wednesday afternoon. It's Janet Yellen's first meeting in charge of the Fed and investors are looking forward to hearing from her after the meeting. The Fed is widely expected to continue trimming its asset purchase program by another $10 billion, to $55 billion a month. The stimulus program was created to support the U.S. economy and has also been a key driver behind the equity bull market.
Investors and traders will also listen closely for any possible Fed plans to revamp its strategy on interest rate guidance.
The central bank has said it will only raise interest rates once unemployment falls to around 6.5%, or inflation rises as high as 2.5%. It's possible Yellen may abandon these numerical targets to focus on qualitative information instead.
Mean while Global ratings agency Standard & Poor's today said an increasing focus by India Inc on lowering debt is likely to improve their credit profiles.
"More companies are improving their high financial leverage and boosting their credit profiles by adopting measures such as sale of equity and assets or using their free operating cash flows to reduce debt," S&P said in a report.
So Technically Nifty also meant to open doors for many possibilities. Lets See.
>>> Click the chart to see on full screen <<<
