Sensex Ends 90 Points Higher Ahead of Fed Outcome; Nifty Above 21,800

Ira Singh
Khabar Khabaron Ki,20 Mar’24

The domestic equity market indices ended with marginal gains in the volatile session on Wednesday,led by a rebound in auto and energy stocks, and tracking Asian peers ahead of the US Federal Reserve’s rate decision.At close, the Sensex was up 89.64 points or 0.12 percent at 72,101.69, and the Nifty was up 21.65 points or 0.10 percent at 21,839.10. About 1563 shares advanced, 2064 shares declined, and 119 shares unchanged.

Eicher Motors, Maruti Suzuki, Power Grid Corporation, Nestle India and ONGC were the top gainers on the Nifty, while losers included Tata Steel, Tata Consumer Products, Tata Motors, Axis Bank and Cipla.

On the sectoral front,auto, FMCG, realty, oil & gas, power up 0.5-1 percent each, while metal index down nearly 1 percent.BSE Midcap and Smallcap indices ended on flat note.

Rupee Close:
The Indian rupee edged up 1 paisa to 83.02 against the US dollar on Wednesday ahead of the announcement of the key US Fed policy decision later in the day.

The local unit fell to its lowest level in two months on Wednesday, pressured by dollar demand from importers, including oil companies, debt repayment outflows and weakness in most Asian peers, traders said.

Trading Guide:
Market experts have recommended nine day trading stocks for today- RHI Magnesita India, Polyplex, Delhivery, Sun Pharma, TVS Motor, Mazagon Dock Shipbuilders, Carborundum Universal, KPR Mill and Indusind Bank.