Equity markets were extremely volatile on Wednesday as investors adjusted their positions ahead of the US Federal Reserve policy decision, scheduled to be released tonight.
The S&P BSE Sensex swung 728 points intraday before closing 90 points (0.12 per cent) higher at 72,102 levels. The Nifty50, too, traded between 21,710 and 21,931 levels today before ending at 21,839, up 22 points (0.1 per cent).
Maruti Suzuki, Nestle India, Power Grid, ITC, Tech M, Reliance Industries, Bajaj Finance, and SBI were the top Sensex gainers today, while Tata Steel, Tata Motors, Axis Bank, HDFC Bank, HUL, JSW Steel, and HCL Tech were the top laggards.
In the broader markets, the BSE MidCap and SmallCap indices ended mixed. The former added 0.05 per cent, but the latter shed 0.14 per cent.
Further, among sectors, the Nifty Metal index fell 0.88 per cent, and the Nifty FMCG rose 0.5 per cent.
Global Cues
Asian shares were hesitant on Wednesday on concerns the Federal Reserve could signal a slower path of rate cuts this year, while the yen plumbed a fresh four-month low on expectations that policy in Japan will remain accommodative for a while longer.
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.
Comments
0 comment