Markets Take A Pause Following An 8-Day Rally; All Eyes On United States Fed Interest Rate Decision

Today, Benchmark indices ended lower, capping an eight days rise ahead of the United States Federal Reserve’s interest rate announcement and conflicting global markets mixed trends.

The NSE Nifty lost 57.80 points or 0.32 percent to 18,089.85.

The 30-share BSE Sensex fell 161.41 points or 0.26 percent to 61,193.30. It tumbled 330.27 points or 0.53 percent to 61,024.44 during the day.

The top laggards among Sensex corporations were Bharti Airtel, Tech Mahindra, Axis Bank, Bajaj Finance, Larsen & Toubro, Tata Consultancy Services, State Bank of India, Reliance Industries, Wipro, Infosys, HCL Technologies, IndusInd Bank and Tata Steel.

Hindustan Unilever, Asian Paints, Tata Motors, UltraTech Cement, ITC, and Nestle were among the winners.

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In Asian markets, Seoul and Hong Kong closed lower, while Shanghai concluded in the green.

European equity markets were generally in the green. On Tuesday, the US markets honed lower.

The BSE benchmark rose 242.27 points or 0.40 percent to end at 61,354.71 on Tuesday. The Nifty rose 82.65 points or 0.46 percent, to 18,147.65.

Meanwhile, Brent crude, the global oil standard, fell 2.08 percent to $73.75 per barrel.

According to exchange data, foreign Institutional Investors (FIIs) were net buyers on Tuesday, purchasing stocks worth Rs 1,997.35 crore.

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