RBI monetary policy decision will affect the course of Indian equity markets today

US equity markets gained in the second half, yesterday, after declining in the first half. Nasdaq ended the day, up by 68.86 points or 0.30%. Dow Jones ended the day, up by 81.82 points or 0.18%. S&P 500 ended the day, up by 27.25 points or 0.41%.

American government on brink of shutdown

American government is now at the brink of a shutdown. This, after Democrats in the US Senate voted against the spending bill brought forward by the Republicans. After this, US government will run out of money by Wednesday morning. Many Federal employees will have to be laid off if the shutdown comes into force.

European markets ended the day strongly in green

European markets ended the day, strongly in green, yesterday. Euro Stoxx 50 ended the day, up by 23.11 points or 0.42%. Dax ended the day, up by 135.66 points or 0.57%. FTSE 100 ended the day, up by 50.59 points or 0.54%.

Nikkei 225 has started the day today, 1^st October, sharply in red. At 9:00 a.m. IST it is down by 521.37 points or 1.16%. Chinese markets are closed today because of China’s National Day holiday. South Korean Kospi is up by 21.92 points or 0.64%.

RBI to announce monetary policy decision today

RBI will announce its monetary policy decision today. The course of Indian equity markets today will be influenced by this announcement. If the central bank goes for an interest rate cut, then it will give a boost to markets today. Many expect that RBI may opt for keeping interest rate unchanged.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.

Source: Dow Jones