S&P 500 rebounds from last week's decline - Nirmal Bang

U.S. stocks rose, with the S&P's 500 Index rebounding from last week's decline, as investors weighed economic data with the prospects for stimulus cuts ahead of this week's Fed Reserve policy meeting.

Asian stocks dropped, with the regional benchmark index heading for its first decline in three days, as Chinese developers fell on concern gains in home prices will limit scope for monetary easing.

Nifty continued with its upwards momentum and closed near psychological resistance level of 5,850, after RBI, in line with market expectations, maintained status quo on interest rates. According to analysts, with RBI policy event out of the way, the Indian markets are likely to take cues from US Federal Reserve's comments on QE. Market is expected to open on a flattish note and expected to remain under pressure during the day.

Source : Equity Bulls

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