Sensex, Nifty end flat ahead of Fed policy outcome
Sensex and Nifty Today: Indian stock market indexes opened flat on Wednesday amid mixed global cues. Nifty today opened at 15729.25 levels down just 2.85 points while Sensex made a negative opening of 43.16 points at 52650.41 levels. The benchmark indices traded almost flat with low volume near their neutral lines throughout the day today.
Today’s market news and updates
The market sentiments were cautious and traders remained sidelined ahead of the US Federal Reserve interest rate decision later in the day. Traders were worried as foreign portfolio investors (FPIs) continued their selling spree in the Indian equity markets, as FPI sold Rs 4502.25 crores on June 14, as per NSE data.
However, the downside of the markets was limited as Chief Economic Adviser (CEA) V Anantha Nageswaran said India would become a $5 trillion economy by 2026-27 and $10 trillion by 2033-34. He further said India is a relatively better place than other emerging economies.
On the global front, Asian markets closed mixed ahead of the US Federal Reserve’s decision, as traders fret about how aggressively it will hike interest rates to control inflation. European stock market indexes are trading higher on Wednesday after the European Central Bank (ECB) hold an emergency meeting to discuss the recent sell-off in government bond markets.
Sensex and Nifty at the close today
The Nifty index declined by 43.20 points or 0.27 percent and closed at 15692.15 levels while Sensex was down by 152.18 points or 0.29 percent and finished at 52541.39 levels. The Bank Nifty index ended higher today by 27.65 points or 0.08 percent on the spot level and ended at 33339
The broader markets outperformed the benchmarks today. The Nifty midcap index gained by 93.35 points or 0.35 percent and closed at 26809 levels. The Nifty smallcap index closed higher by 51.05 points or 0.60 percent and finished at the 8607.85 level
Nifty top gainers and losers today
The top gainer in the Nifty50 index was Bajaj Finserve, Tata Motors, Bajaj Finance, Hero Motocorp, and Grasim whereas the top losers were Tata Steel, ONGC, NTPC, Wipro, and Infosys.
The top gainers in the Nifty midcap index were AU Small Finance, Polycab, and Prestige Estate and the top losers were Canara Bank, Tata Chemicals, and Tata Elxsi
The smallcap top gainers were APL Apollo, Affle India, and Strides Pharma and the top losers were Delta Corp, Shilpa, and Kajaria Ceramic
The most active stocks in the Nifty index in terms of value were Reliance, HDFC, and Bajaj Finance. The most active stocks in terms of volume were ONGC, Tata Motors, and NTPC
On a sectoral front, Auto, Financial Services, Pharma, Consumer Durables, and Banks were closed in the green today. The sectors that closed in the red were Oil & Gas, Metals, Realty, IT, and FMCG.
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