Our Markets seen to open higher to day tracking positive trend seen in Global markets. At 08:50 am, SGX Nifty futures in Singapore were trading 25.50 points, or 0.33 per cent, at 7,785.50, indicating a gap-up opening in the markets.
Asian markets climbed on Wednesday, taking cues from a strong finish on Wall Street. Major indexes in Australia and Japan tacked on more than 2 percent, while South Korea finished nearly 1.9 percent higher. Shanghai Composite pared most of its morning gains but still closed up 6.7 points, or 0.19 percent, at 3,517. The Hong Kong market jumped, with the main Hang Seng Index up close 426.84 or 2 .01 percent higher. The Nikkei 225 was back in positive territory, closing up 484 points, or 2.61 percent, at 19,050. South Korea, the Seoul Kospi ended up 36 points, or 1.88 percent, at 1,969.4. The Australian market was back in positive territory, the ASX 200 closed up 119 points, or 2.42 percent, at 5,028.
European shares rose on Wednesday as investors awaited the outcome of a crucial rate-setting meeting of the U.S. Federal Reserve for clues about the market's near-term direction. Pan-European FTSEurofirst 300 index up 0.29 pct to end at 360.43. The Stoxx Europe 600 index SXXP, +0.24% tacked on 0.2% The U.K.’s FTSE 100 index UKX, +0.72% Climbed 0.72% to close at 6,061.19 . Germany’s DAX 30 index gained 0.18% to end at 10,469.26, while France’s CAC 40 index also added 0.22% to finish at 4,624.67.
U.S. stocks rallied as investors cheered the Federal Reserve's historic decision to raise interest rates for the first time since 2006. The S&P 500 rose rose 29.66 points, or 1.45%, to 2,073.07The Dow Jones Industrial Average jumped 224.18 points, or 1.28%, to 17,749.09. The Nasdaq Composite advanced 75.77 points, or 1.52%, to 5,071.13.