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US: Wall Street's three major indexes closed higher on Tuesday after shares in hotshot chipmaker Nvidia shook off early losses and investors looked ahead to the Federal Reserve's policy meeting conclusion on Wednesday for clues on interest rate policy

Asia: Stocks in Asia rose after US equities touched fresh highs and bonds also rallied as traders brace for the latest monetary policy decision from the Federal Reserve.

India: Indian equity indices fell 1% on March 19 with Nifty at 21800 amid selling across the sectors. At close, the Sensex was down 736.37 points or 1.01% at 72,012.05, and the Nifty was down 238.20 points or 1.08% at 21,817.50. Nifty mid-cap index 100 fell 1.3% to trade at 45,896.95, and the small-cap 100 index declined 1.03% to trade at 14,609.50. All sectoral indices continued to trade negative, with Nifty IT and FMCG down over 2%. Market is expected to open on a positive note and likely to witness sideways move during the day.

Global Economy: Canada's inflation rate surprisingly cooled in February to its slowest pace since June, and closely-watched core inflation measures eased to more than two-year lows, data showed on Tuesday, prompting investors to increase their bets for a June rate cut. Annual headline inflation cooled to 2.8% last month, beating analyst expectations for a 3.1% rise, and below 2.9% increase in January. On the month, the consumer price index rose 0.3%, less than a forecast 0.6% rise. China's fragile housing market opened this year with slower declines in property investment and sales, buoyed by government efforts to arrest a protracted downturn in the sector, however, analysts were wary of calling an end to the downturn just yet. Property investment in China fell 9.0% yearon-year in the first two months of 2024, compared with a 24.0% fall in December 2023. Property sales by floor area logged a 20.5% slide in January-February from a year earlier, compared with a 23.0% fall in December last year.

Commodities: Gold prices were stuck in a tight range on Wednesday as investors refrained from making big bets ahead of the U.S. Federal Reserve's policy decision and remarks from Fed Chair Jerome Powell later in the day. Oil prices edged lower in early Asian trading on Wednesday, as a stronger dollar curbed investor appetite while traders took some money off the table after benchmarks rallied to multimonth highs in each of the past two sessions.

Currency: The yen languished near a four-month low against the U.S. dollar and a 16-year trough against the euro on Wednesday, a day after the Bank of Japan's widely anticipated decision to end its negative interest rate policy.

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