Indian equity benchmarks ended higher on Wednesday, supported by gains in metal, PSU bank and consumer durables stocks, even as investors remained cautious ahead of the US Federal Reserve’s policy decision later in the day.
The Sensex rose 347.14 points, or 0.45 per cent, to close at 77,155.62, while the Nifty gained 96.55 points, or 0.4 per cent, to settle at 24,085.70. The benchmark index reclaimed the 24,000-mark amid buying in select heavyweight stocks.
Among the Nifty constituents, Trent, Bharat Electronics and Hindalco Industries emerged as the top gainers, helping lift the broader market sentiment.
The broader markets also ended in positive territory. The Nifty MidCap index advanced 0.52 per cent, while the Nifty SmallCap index climbed 0.79 per cent.
Sector-wise, the Nifty PSU Bank index outperformed the market, followed by the Nifty Consumer Durables and Nifty Metal indices.
On the other hand, the Nifty Auto and Nifty Realty indices ended as the biggest laggards of the session.
Market participants largely adopted a wait-and-watch approach ahead of the outcome of the US Federal Open Market Committee (FOMC) meeting.
The Federal Reserve is widely expected to keep its benchmark interest rate unchanged at 3.5-3.75 per cent.
Investors are closely tracking the central bank’s commentary on inflation, economic growth and the future rate trajectory for clues about the health of the world’s largest economy.
The Fed’s outlook is also expected to provide insights into the potential impact of recent geopolitical tensions on global growth and financial markets.
-IANS
