Wall Street rallied over 1% on all major indices as market bets that interest rate in U.S. interest rate is near its peak, S&P500 & NASDAQ closed at 14-months high.
ECB raises rates by 25-bps to 4.00%, highest interest rate in 22 years and signal more hike to come, ECB maintain long term inflation target at 2%, which is currently far away from 6.1% latest inflation figures.
Bank of Japan kept rate unchanged at -0.10%, maintain yield for JGB at -0.50% to 0.50%.
VIX @ 11.08: continues to trade near lower end of the range.
Approach on indices: Indices likely to bounce after correction / profit booking seen post US Fed meeting outcome. Indices do indicate sharp probability of bounce back. Nifty continue to trade above important support level where as Banknifty underperform and closed below 43552.
SGX Nifty @ 18802.50 up 42.50 points at 8:55 AM