• The Indian equity market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the broader index in India with a gain of 46 points. 
  • On February 16, the BSE Sensex was down 145 points at 57,997, while the Nifty50 fell 30 points to 17,322 and formed a bearish candle on the daily charts as the closing was lower than opening levels

US Markets

  • Wall Street bounced off session lows Wednesday with the S&P 500 crossing into positive territory by the closing bell after the US Federal Reserve released meeting minutes, which said that while the central bank intends to begin raising interest rates to combat inflation, 
  • its decisions would be made on a meeting-by-meeting basis. The Dow Jones Industrial Average fell 54.57 points, or 0.16%, to 34,934.27, the S&P 500 gained 3.94 points, or 0.09%, to 4,475.01 and the Nasdaq Composite dropped 15.66 points, or 0.11%, to 14,124.10.