The Indian stock market sensex and Nifty 50 now recovery from the days lows and today now continued to trade in negative manner on Wednesday because of the heavy selling pressure in the IT and banking stocks this will lead the negative sideway for the market. The crude oil prices are Rised because of uncertainly investor caution of the US Federal Reserves Policy decision
Updated: The Sensex was trading 580 points lower after losing nearly 1,000 points in the morning trade. The Nifty 50 was trading near 22,600 mark. The Bank Nifty index shaved losses.
Markets the Nifty Smallcap 100 index advanced 0.13% whereas the Nifty Midcap 100 index declined0.36%.On sectoral indices front, all were trading in red except Nifty Auto.
Nifty IT was down the most at over 3% followed by Nifty FMCG, Nifty Oil & Gas, Nifty Realty, Nifty Metals and Nifty Pharma. Jio Platforms listed at a premium of a little more than 21% at Rs 1,358 on BSE, NSE.The US Federal Reserve’s rate decision and the tone it sets for the outlook on policy will continue to be a key catalyst for markets worldwide.
About 120 companies are set to release their September quarter earnings on Wednesday.
Some of the most watched counters are: Vedanta, Hindustan Unilever, Hyundai Motor India, Hero Moto Corp, JSW Energy, Info Edge India, Hexaware Technologies, Karnataka Bank, IIFL Capital Services, TVS Motor Company, Vedanta Aluminium Metal, United Spirits.