Markets open flat in early trade 21/09/2016 09:26

Markets open flat in early trade
21/09/2016 09:26

NIFTY Fut               : BUY ZONE
BANKNIFTY FUT : BUY ZONE


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The key domestic benchmark indices opened flat in the morning trading session as investors stuck to a cautious approach ahead of key central bank meetings this week which might offer cues over the outlook for the global economy, curbing risk taking appetite.

The investor’s focus will be on the US Federal Reserve and the Bank of Japan with both central banks slated to unveil money policy reviews later in the day.

At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28548.64 up by 25.44 points or by 0.09 per cent, while the NSE Nifty was at 8784.45 points, trading higher by 8.55 points or by 0.10 per cent.

On the global front, Asian stocks were trading lower today as investors awaited Wednesday’s policy statements from the Bank of Japan and the Federal Reserve. US stocks closed higher in the previous trading session as traders appeared to put last week's jitters behind ahead of looming decisions from major central banks.