US Stocks rose for a second day - Nirmal Bang

U.S. stocks rose for a second day, pushing the S&P's to its highest in June, as investors awaited the outcome of a Federal Reserve policy meeting for clues to the central bank's plan for stimulus.

Asian stocks rose, with the regional benchmark index heading for a two-week high, as Japanese exporters rallied after the nation's shipments increased and the yen weakened ahead of the conclusion of a Federal Reserve policy meeting.

Retreating from one-week highs, Sensex closed nearly 103 points down at 19,223.28 on selling in bluechips like HDFC Bank, ICICI Bank and ITC, amid weakness in global markets ahead of US Federal Reserve's decision over continuing monetary stimulus. Traders adopted caution and appeared to book profits as global markets keenly awaited decisions from the US Fed, whose two-day policy-meeting starts today. Market is expected to open on a flattish note and remain range-bound during the day.

Source : Equity Bulls

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