Sensex, Nifty End Little Changed Ahead Of Fed Meeting
(RTTNews) - Indian shares ended a choppy session on a flat note Tuesday as investors awaited Wednesday's U.S. consumer price data and the Federal Reserve interest-rate decision for directional cues.
The Fed is widely expected to leave interest rates unchanged, but traders will pay closer attention to Fed officials' updated projections for the economy and rates.
Market participants see diminished prospects for easing this year, with many analysts expecting the first rate cut by the Federal Reserve only in November.
The benchmark S&P BSE Sensex ended the session down 33.49 points, or 0.04 percent, at 76,456.59 while the broader NSE Nifty index edged up 5.65 points, or 0.02 percent, to 23,264.85.
Among the prominent decliners, Dr Reddy's Laboratories, Reliance Industries, ITC, Divis Laboratories and Kotak Mahindra Bank all fell around 1 percent.
ONGC shares jumped 5.7 percent after crude prices surged 3 percent to a one-week high on Monday amid hopes of strong summer demand for fuel and potential U.S. crude purchases for its petroleum reserve.
Maruti Suzuki India, Adani Ports, Larsen & Toubro and Tata Motors climbed 1-2 percent.
Housing Finance stocks rallied after the first Cabinet meeting of the Modi 3.0 government approved assistance for the construction of 3 crore additional rural and urban houses under Pradhan Mantri Awas Yojana (PMAY).
PNB Housing Finance, Aavas Financiers, Homes First Finance and NBCC surged 6-10 percent.
European Shares Inch Higher With German Politics In Focus
FTSE 100 Modestly Higher As Metal Stocks Surge
Commodity Currencies Gain On Upbeat China Trade Data
CAC 40 Slightly Higher Ahead Of BoE, Fed Decisions
DAX Rallies As Germany Faces Snap Election
Canadian Dollar Climbs Against Most Majors
NZ Dollar Advances Against Most Majors
