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Сентябрь
2024

Stock Market Live Updates: Sensex, Nifty trade flat as investors await Fed rate decision

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Sensex, Nifty, Share Prices LIVE: The Indian stock market is trading mixed as investors await the U.S. Federal Reserve’s interest rate decision. The Sensex and Nifty50 both started the day slightly lower. Global markets showed cautious optimism, while U.S. stocks closed flat. Indian benchmark indices, Sensex and Nifty, opened weak on Wednesday and may remain stable throughout the session as investors await the U.S. Federal Reserve’s rate decision and commentary. At 11.03 a.m., the 30-share BSE Sensex gained 134.60 points to 83,214.26. The NSE Nifty rises 34.10 points to 25,452.65. Tech stocks faced early losses, with Tech Mahindra, Wipro, and Infosys among the top losers. Financial stocks, including Bajaj Finance and Shriram Finance, showed gains. Analysts expect volatility ahead of the Fed decision, with a widely anticipated rate cut. Crude oil prices rose amid supply concerns, and gold increased after recent declines. The rupee opened weaker against the dollar, reflecting caution. With the Fed’s rate announcement looming, analysts expect the market to react significantly to the decision and Fed Chairman Jerome Powell’s press conference.