Nifty ends at 17152, Sensex up 140 pts ahead of US Fed rate decision

 

Sensex & Nifty at close: Indian stock market indexes closed higher on Wednesday amid positive cues from the global markets. Markets were trading volatile and traders remain cautious ahead of the US Fed interest rate decision outcome, which is due later in the day. 

The Nifty 50 index closed higher by 44.40 points or 0.26 percent and closed at 17151.90 levels while the Sensex was up by 139.91 points or 0.24 percent and finished at 58214.59 levels. The Bank Nifty index ended higher by 104.35 points or 0.26 percent on the spot level and closed at 39999.05 levels

The broader markets outperformed the benchmarks today, as the Nifty midcap index was up by 82.45 points or 0.28 percent and closed at 30040.60 levels. The Nifty smallcap index closed higher by 49.40 points or 0.54 percent at 9114.40 levels.

 

Nifty top gainers & losers 

 

The top gainers in the Nifty 50 index were HDFC Life, Bajaj Finance, Bajaj Finserve, Sun Pharma, and Tata Consumer and the top losers were NTPC, Coal India, Adani Port, Axis Bank, and Nestle

The top gainers in the Nifty midcap index were Emami Ltd, Idea, and Linde India and the top losers were  ABB, Policy Bazar, and SAIL.

 The smallcap top gainers were Fine Organics, BCG, and Angel One, while the top losers were Sobha, Medplus, and Network 18

The most active stocks in the Nifty index in terms of value were ICICI Bank, HDFC Bank, and Infy. The most active stocks in terms of volume were Tata Steel, ICICI Bank, and SBI

On the sectoral front, Pharma, PSU Bank, Auto, and Financial Services closed higher. The sectors that closed lower were Media, Realty, and Metal.

 

Global stock market updates

 

On the global front, Asian stock market indexes closed higher on Wednesday, following the positive cues from Wall Street overnight. The sentiments become positive after fears eased after US Treasury Secretary Janet Yellen said the US banking crisis is ‘stabilizing’ and assured more backing for deposits.

Japan’s Nikkei closed around 2 percent higher while Hang Seng ended at 1.75 percent with the support of banking and tech stocks. The Shanghai index also made a decent gain on Wednesday. Investors are now looking ahead to the U.S. Federal Reserve’s latest update on its rate hike decision, as the central bank attempts to make balance its inflation fight and stem a banking crisis.

European markets are trading slightly higher as investors are cautious ahead of the US Fed interest rate decision.

 

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You may also like to read,  Stock Market Prediction Next Week (20-24 March 2023)

                                                Stock Market Live: Sensex, Nifty trading higher amid volatility

 

Happy Investing!!

Editorial desk