Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Good morning , this is Alex Gabriel Simon , an equities reporter in Mumbai. Local equities are staring at a slow start this morning after Monday’s bruising selloff, which dragged down every major sector gauge. Nifty futures are flat and most Asian markets are in the red, as traders fret about how quickly the Fed will ease after this week’s near-certain rate cut. Back home, the benchmark Nifty 50 Index slipped below its 20-day moving average for the first time in a month — signaling loss of momentum. On top of that, a packed IPO calendar is adding to the pressure. For now, the market’s direction will likely hinge on how the rupee behaves, what global funds decide to do.