Equity benchmark indices opened flat on Wednesday tracking upbeat momentum in global markets
Equity benchmark indices opened flat on Wednesday tracking upbeat momentum in global markets ahead of the ongoing two-day US Fed’s monetary policy meet.
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The BSE Sensex was up 24 points to 72,036, and the NSE Nifty50 slipped 26 points to 21,843.
Shares of Nifty Auto were up 1.07 per cent in early trade, while Nifty Realty and Nifty PSUs gained 0.94 and 0.83 per cent respectively.
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Individual stocks such as Maruti, Powergrid NestleIndia, IndusInd Bank and Bajaj finance were trading in green on the Sensex. On the flip side, Tata Chemicals and Torrent Power were among the top losers on BSE.
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.
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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.
