Stock Market Today By Shailesh Saraf - FED Interest rate most likely to be hiked on June 15

Indian Market Outlook: FED interest rate most likely to be hiked from 25 bps to 50 bps in the scheduled June 15 FED meeting. On the backdrop of confirmation of US FED rate hike expectation in the June meeting, Nifty after testing its resistance at 7950 on 17th may is opening 30 points gap down from yesterday's close at 7850 today.

Submitted May 19, 2016 at 12:53AM by ShaileshSaraf http://ift.tt/1NzOesn