GIFT Nifty rises 120 points; key trading outlook for today

Indian equities finished lower for the third straight session, surrendering early strength as traders opted to lock in profits. Market experts believe the indices will largely mirror global sentiment, with attention centred on the upcoming US monetary policy announcement. Foreign portfolio investors continued to offload holdings, whereas domestic institutions remained net buyers. Meanwhile, the Indian Rupee weakened against the US Dollar. The benchmark indices slipped for the third session in a row, reversing initial gains due to profit-booking pressure. Analysts foresee markets reacting to overseas signals, particularly the US Federal Reserve’s policy decision and FOMC commentary, which are expected to offer guidance on America’s economic trajectory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.