Stock market today: Domestic blue-chip indices Nifty 50 and Sensex finished a volatile session on Dalal Street barely in the green, amid a fag-end recovery in auto and power stocks though weakness in IT stocks played spoilsport. The Nifty ended 20 points or 0.1 higher at 20,926.4 while the Sensex finished at 69,584.6, up 33.6 points or 0.1 per cent from its previous close.while Asian peers suffered losses in anticipation of the US Federal Reserve policy decision.
Amid broad based indices Nifty SmallCap 100 and Nifty MidCap 100 outperformed the headlines indices to end with gains of 0.87 per cent and 0.88 per cent, respectively. Nifty Bank closed flat at 47,092.25, down 5.3 points or 0.01 per cent.
TCS, Infy, HDFC Life and Axis Bank were among the top losers in the Nifty basket, down around 2-1 per cent. On the other hand, NTPC, Adani Ports, Hero MotoCorp and Power Grid were among the top gainers, trading with gains of around 1-3 per cent.
Global Market
Globally, investors remained on the back foot ahead of a key interest rate decision by the Fed due later in the day, following worse-than-expected inflation data from the world’s largest economy that diminished nascent hopes of an earlier-than-anticipated easing of monetary policy. European shares were largely subdued, with the STOXX 600 quoting 0.1 per cent higher at the last count, with rate-sensitive real estate and technology sectors rising, and energy stocks falling on lower oil prices.Investors have fully priced in a pause from the Fed later in the day, with Tuesday’s US inflation data doing little to alter rate cut bets for next year.
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