Francisco Torralba of Morningstar Investment Management does not think the market will be surprised on September 17 by whatever the FOMC decides to do. He believes that the US Fed under Janet Yellen has been at pains to communicate its intentions at all times
The hope of solution to Greece's debt issue before its deadline ends also aided sentiment. The broader markets outperformed benchmarks throughout the session today.
The market continued to consolidate ahead of deadline for the Greece to repay its debt. Today is the last day for the debt-laden country to avert default by paying euro 1.6 billion to International Monetary Fund.
In the streets of Athens, there were no visible signs of distress or larger than usual lines at banks or supermarkets. Officials, however, signaled an increase in withdrawals and transfers, which can also be made electronically.
Globally, the US markets closed the trading day at 15-year highs after the US Federal Reserve Chairperson Janet Yellen said the central bank will remain patient on rate hikes.
As borrowing costs get closer to the danger area that forced Ireland, Greece and Portugal to seek a bailout, investors are concerned that Spain is next in line to dial for help. Justin Harper of IG Markets finds that the Spanish government is downplaying its country's debt issues.
Asian markets lost momentum on Wednesday as investors worried about the realities of Athens restructuring its debt, the fragility other euro zone states and rising oil prices.
Gustavo Bagattini of RBC Capital Markets spoke to CNBC-TV18 about what is happening at the global markets.
European finance ministers are set to decide this weekend - Monday night at the latest - on whether to extend a new batch of loans to Greece.
The rupee nudged higher on Friday as the prospect for capital inflows got a boost from stronger U.S. economic data and indications for a Greece bailout.
The Greek bailout cannot possibly work, says David Buick, partner at BGC.
European lawmakers need to get their act together, says Jeff Chowdhry, Head of Emerging Equities, F&C Investments.
The global equities rose high on the back on Euro zone’s approval of the second bailout package to Greece. However, it is still a long way to go for the crisis to wipe out completely of Europe, says Alastair Newton, senior political analyst at Nomura International.
The benchmark indices were holding their morning gains and still trading higher. The NSE Nifty was trading high points of the day and broke its 150-days simple moving average (5614). On the global front, Asian and European markets surged on Greece bailout plan announcement.
Time is running out for Greece which needs to end debate and move ahead with concrete actions to overhaul its debt-strained economy and reassure its partners and financial markets, the country's central bank chief told the daily Kathimerini on Saturday.
Finance ministers of euro zone nations reached a compromise on Sunday night on involving private creditors in a second multi-billion euro financial rescue package for debt-ridden Greece.
Amid growing political unrest in Greece and escalating protests against the government's austerity measures, the European Union has postponed a decision on a second multi-billion euro rescue package for the debt-ridden nation at least until mid-July.
The International Monetary Fund (IMF) is expected to pay its share of Greece's latest aid tranche quickly to buy the European Union (EU) more time to finalize a package to keep Greece afloat through 2012 and beyond, sources said on Thursday.
US stocks fell on Friday, a day after ending a six-day losing streak as weaker trade data from China, the scrapping of a large IPO and ongoing disputes about a second Greece bailout weighed on sentiment.
Ryan Detrick, Chief Strategist at Schaeffer's Investment talks to CNBC-TV18 about where US equities are right now.