Sensex, Nifty fall more than US Federal Reserve policy decision

The Sensex was down 90 points at 52,682 and the Nifty was down 23 points at 15,845.

The equity benchmark Sensex fell more than 90 points in early trade on Wednesday, signaling global signs ahead of the US Federal Reserve policy decision.

The 30-share BSE index traded 90.5 points, or 0.17% lower, at 52,682.55 in the opening trade. Similarly, the broader NSE Nifty was down 23.55 points, or 0.15%, at 15,845.70.

Power grid topped the Sensex, down about 1% followed by Dr. Reddy, Titan, HDFC Bank, Asian Paints, Reliance Industries, and Axis Bank.

On the other hand, ONGC, M&M, Bajaj Pinserv, Hindustan Unilever, TCS, and Infosys are gaining ground.

In the previous session, the BSE Sensex was up 221.52 points, or 0.42%, at a new high of 52,773.05. Similarly, the broader NSE Nifty up 57.40 points, or 0.36%, to a new high of 15,869.25.

Elsewhere in Asia, trading companies in Tokyo, Shanghai, and Hong Kong traded in negative territory on interim deals, while Seoul traded with gains.

U.S. stocks were lower in the previous session just before the close of Wednesday’s central bank meeting.

Foreign institutional investors (FIIs) emerged as net buyers in the capital market as they bought shares worth Rs 633.69 crore on Tuesday, according to provisional transaction data.

Brent crude rose 0.95% to $ 74.69 a barrel on the international benchmark.

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