Sensex, Nifty Modestly Lower; Healthcare Stocks Outperform
(RTTNews) - Indian shares were modestly lower on Wednesday ahead of the Federal Reserve's interest-rate decision due later in the day.
The benchmark S&P/BSE Sensex was down 231 points, or 0.3 percent, at 80,453 in early trade while the broader NSE Nifty index was down 64 points, or 0.3 percent, at 24,271.
Among the prominent decliners, Maruti Suzuki India, BEL, Larsen & Toubro, Power Grid Corp and Tata Motors were down 1-2 percent.
Healthcare stocks traded higher, with Cipla, Dr Reddy's Laboratories and Sun Pharma rising 1-2 percent.
Tarc tumbled 5.3 percent to extend losses for an eighth day running after capital market regulator SEBI appointed a forensic auditor to examine the financial statements of the company between years FY21-23.
Zomato fell about 1 percent after its global head of finance and chief financial officer of its business-to-business grocery supply vertical Hyperpure Hemal Jain resigned.
NHPC dipped half a percent after unveiling expansion plans.
Exide Industries gained 1 percent after announcing an investment of Rs 100 crore in its wholly owned subsidiary, Exide Energy Solutions.
REC declined 2 percent as it raised Rs 2,195 crore through a bonds issue.
Jindal Saw jumped 2 percent after it signed an agreement to acquire 31.20 percent equity in ReNew Green Energy.
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