 "10 things you need to know before the opening bell")
US stocks rallied to record highs on Wednesday after the Federal Reserve, in a surprise to markets, decided against scaling back a stimulus program that has helped fuel Wall Street’s rally of more than 20 percent this year. (Reuters)
Asian shares and currencies rallied broadly on Thursday after the Federal Reserve stunned markets and decided not to taper its asset-buying program, sending US bond yields and the dollar into a tailspin.(Reuters)
The dollar languished at a seven-month low against a basket of major currencies in Asia on Thursday after the Federal Reserve wrong footed many investors who had positioned for a scaling back in its massive stimulus program.(Reuters)
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Spot gold was trading near a one-week high on Thursday after sharp gains in the previous session.[/caption]
Spot gold was trading near a one-week high on Thursday after sharp gains in the previous session, as the US Federal Reserve surprised markets by postponing a wind-down of its monetary stimulus. US gold futures jumped as much as 4.6 percent on the decision, while silver futures gained 7 percent.(Reuters)
Brent crude added another 13 cents to $110.74 a barrel, up from a low of $107.64 on Wednesday. US crude reached $108.49 compared with $105.32 early on Wednesday.(Reuters)
SGX Nifty futures on the Singapore Stock Exchange was 6114.5, up 3 percent, indicating a gap up opening for Indian shares.(Reuters)
Stocks in news
Jet Airways, after a report in the Economic Times that its stake deal with Etihad is likely to get CCEA clearance in two weeks.
Bank stocks, ahead of the RBI’s policy meeting tomorrow.
IT stocks, as the rupee is likely to rise against the dollar after the Fed move holding on to the stimulus pace.
Oil companies, after a report in the Business Standard that the Congress’ core committee is likely to take a call on fuel price increase.