Last Updated: March 20, 2024, 15:36 IST
Equity markets have been extraordinarily unstable on Wednesday as traders adjusted their positions forward of the US Federal Reserve coverage choice, scheduled to be launched tonight.
The S&P BSE Sensex swung 728 factors intraday earlier than closing 90 factors (0.12 per cent) greater at 72,102 ranges. The Nifty50, too, traded between 21,710 and 21,931 ranges at present earlier than ending at 21,839, up 22 factors (0.1 per cent).
Maruti Suzuki, Nestle India, Power Grid, ITC, Tech M, Reliance Industries, Bajaj Finance, and SBI have been the highest Sensex gainers at present, whereas Tata Steel, Tata Motors, Axis Bank, HDFC Bank, HUL, JSW Steel, and HCL Tech have been the highest laggards.
In the broader markets, the BSE MidCap and SmallCap indices ended blended. The former added 0.05 per cent, however the latter shed 0.14 per cent.
Further, amongst sectors, the Nifty Metal index fell 0.88 per cent, and the Nifty FMCG rose 0.5 per cent.
Global Cues
Asian shares have been hesitant on Wednesday on considerations the Federal Reserve might sign a slower path of fee cuts this 12 months, whereas the yen plumbed a contemporary 4-month low on expectations that coverage in Japan will stay accommodative for some time longer.
Wall Street’s three main indexes closed greater on Tuesday after shares in hotshot chipmaker Nvidia shook off early losses and traders seemed forward to the Federal Reserve’s coverage assembly conclusion on Wednesday for clues on rate of interest coverage.
