Indian Equities might open flat on Wednesday morning on no major news flow but all eye would be set on RBI policy meet tomorrow.
Fed statement re-iterated job market weakness and low inflation, the Fed characterized the U.S. expansion as "continuing," a modest upgrade from its November description of the recovery as "slow."
Wall Street closed marginally in the green. Asian Indices are trading flat on Wednesday morning.
News Bytes :
* LIC Housing Finance approves 1:5 stock split
* Mallya stake in Kingfisher to drop below 50%
* TCS bags $100mn tech deal from Deutsche Bank
* Eveready hikes prices of batteries by up to 9%
* BPCL increases petrol prices by Rs 2.95 a litre
* Neyveli in search for JV partner for overseas acquisitions
Markets - Caution Today
After three consecutive days of rally, Markets are likely to take a pause before the next move. On the contrary it is advisable to stick to strong midcaps for now. Do not over trade and choppy sessions are expected for rest of the december.