The quiet start to the week in global equity markets comes ahead of a two-day meeting of the policy-setting Federal Open Market Committee. All eyes are on the US Federal Reserve meeting this week to decide on interest rates. The Fed is widely expected to leave interest rates unchanged, as it seeks to balance robust economic growth against low inflation. Back home, Yes Bank stock will be in focus after it opens for trade following its March quarter earnings announcement last Friday post markets hours. Brokerage firm Macquarie has admitted to overlooking the risks from the structured finance business of Yes Bank and has downgraded the stock by a full two notches.

Source: Mint April 30, 2019 02:37 UTC