The selloff in equities comes as the Federal Reserve holds its two-day policy meeting. While traders do not expect the central bank to raise interest rates just a week ahead of the presidential election, they are looking for signs confirming that the Fed is set to hike rates in December.
Indian market is likely to remain tepid mirroring global peers. The SGX Nifty indicates a weak start. It is a weak start in Asian markets after Wall Street's "fear index" spiked on jitters over the US presidential election. Caution prevails ahead of Fed's rate decision today.
