Nirmal Bang Securities Pvt. Ltd. - Daily Report 161209

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nvestors trimmed positions a day ahead of Wednesday's decision on interest rates from the Federal Reserve, reflecting their reluctance to place big bets before getting the central bank's latest assessment of both the economy and monetary policy. A higher-than-expected increase in the overall U.S. Producer Price Index in November raised concerns that the Fed may find it difficult to keep benchmark rates at their current level near zero. General Electric Co, considered an indicator of the U.S. economy's health, pushed stocks lower in the latter part of the session after the diversified manufacturer issued a cautious outlook for 2010. GE said its industrial and capital finance profits will likely be flat next year.

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