Sensex, Nifty Fall Ahead Of Fed Decision; FMCG Stocks Buck Trend

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Sensex, Nifty Fall Ahead Of Fed Decision; FMCG Stocks Buck Trend

(RTTNews) - Indian shares followed global peers lower on Wednesday, as investors awaited the U.S. Federal Reserve's much-anticipated interest-rate decision later in the day.

The U.S. central bank is widely expected to hike the policy rate by 75 basis points, but a 100-bps hike is not being ruled out.

Geopolitical tensions also returned to the fore after Russian President Vladimir Putin announced a partial military mobilization in the country.

In a televised address, Putin said the partial mobilization of its 2 million-strong military reserves was to defend Russian territories, claiming the West wants to destroy Russia and did not want peace in Ukraine.

The benchmark S&P BSE Sensex ended the session down 262.96 points, or 0.44 percent, at 59,456.78 while the broader NSE Nifty index settled down 97.90 points, or 0.55 percent, at 17,718.35.

Shree Cement led losses to close almost 6 percent lower while UltraTech Cement, IndusInd Bank, Power Grid and Adani Ports lost 3-4 percent.

FMCG stocks gained on defensive buying, with ITC, Hindustan Unilever and Britannia Industries climbing 1-3 percent.

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Hong Kong Bourse May Reclaim 22,000-Point Level

Hong Kong Bourse May Reclaim 22,000-Point Level

The Hong Kong stock market bounced higher again on Friday, one day after ending the three-day winning streak in which it had jumped more than 1,000 points or 4.5 percent. The Hang Seng Index now sits just above the 21,980-point plateau and it may see additional support again on Monday.
RTTNews | 13 minuter sedan
Australian Market Significantly Higher

Australian Market Significantly Higher

The Australian stock market is significantly higher on Monday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 8,000.00 mark, with gains across most sectors led by technology and financial stocks.
RTTNews | 27 minuter sedan
China Stock Market May Remain Rangebound

China Stock Market May Remain Rangebound

The China stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had risen almost 25 points or 0.8 percent. The Shanghai Composite Index now sits just beneath the 3,300-point plateau although it's likely to bounce higher again on Monday.
RTTNews | 28 minuter sedan
Tech Shares Likely To Boost Taiwan Stock Market

Tech Shares Likely To Boost Taiwan Stock Market

The Taiwan stock market has finished higher in two of three trading days since the end of the two-day slide in which it had stumbled more than 600 points or 3 percent. The Taiwan Stock Exchange now sits just beneath the 19,875-point plateau and it's got a solid lead again for Monday's trade.
RTTNews | 58 minuter sedan
Singapore Stock Market May Halt Its Slide On Monday

Singapore Stock Market May Halt Its Slide On Monday

The Singapore stock market has moved lower in two straight sessions, slumping almost 10 points or 0.3 percent in that span. The Straits Times Index now sits just under the 3,825-point plateau although it may find traction on Monday.
RTTNews | 1h 28minuter sedan
Additional Support Anticipated For Malaysia Stock Market

Additional Support Anticipated For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, gathering almost 25 points or 1.4 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,510-point plateau and it's expected to add to its winnings again on Monday.
RTTNews | 1h 58minuter sedan
Japan Stock Market May Extend Winning Streak

Japan Stock Market May Extend Winning Streak

The Japanese stock market has finished higher in three straight sessions, collecting almost 1,500 points or 4.2 percent along the way. The Nikkei 225 now sits just above the 35,700-point plateau and it's expected to open to the upside again on Monday.
RTTNews | 2h 13minuter sedan
KOSPI May Extend Friday's Gains

KOSPI May Extend Friday's Gains

The South Korea stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had climbed more than 40 points or 1.6 percent. The KOSPI now sits just beneath the 2,550-point plateau and it may tick higher again on Monday.
RTTNews | 2h 28minuter sedan