Closing Bell: Sensex, Nifty end flat ahead of Fed meet outcome; midcaps dive. Benchmark indices were strong in pre-opening trade despite weakness in Asian stocks.
Benchmark indices were strong in pre-opening trade despite weakness in Asian stocks.
Market Closing: The market closed flat after the rangebound session, as investors await Federal Reserve meeting outcome due tonight.
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The 30-share BSE Sensex was up 16.06 points at 35,176.42 and the 50-share NSE Nifty fell 21.40 points to 10,718.
Vedanta, Tata Steel, HCL Technologies, ICICI Bank, Yes Bank, HUL, and SBI were under pressure.
ITC, HDFC, HDFC Bank, Reliance Industries and Kotak Mahindra Bank gained up to 4 percent.
Nifty Midcap index was down 302 points.
Vedanta, Tata Steel, HCL Technologies, ICICI Bank, Yes Bank, HUL, and SBI were under pressure.
ITC, HDFC, HDFC Bank, Reliance Industries and Kotak Mahindra Bank gained up to 4 percent.
Nifty Midcap index was down 302 points.
Century Textiles, Kwality, Jindal Steel & Power, SAIL, Marico, Hindustan Zinc, Jet Airways, NIIT Technologies, Indian Bank, OBC, Canara Bank, Balrampur Chini, Dhampur Sugar, Dwarikesh Sugar, IRB Infrastructure, Just Dial and Gati fell up to 10 percent.
Kansai Nerolac, Equitas Holdings, Cyient, Ujjivan Financial, Fortis Healthcare, Lemon Tree Hotels, Godrej Industries and ICICI Prudential Life gained up to 6 percent.
With an assessment suggesting that the current trend may not warrant pursuing the projected coal output target of 1 billion tonnes by 2020 by the company, the government last month indicated revising it.
Europe Update: European markets were higher as investors kept their focus on earnings and monitored an upcoming Federal Reserve meeting.
Germany's DAX gained 1 percent and Britain's FTSE rose 0.6 percent.
Market expectations suggest that there will be no new rate hikes in the US, but analysts will be looking for indications as to whether that will happen shortly.
Crude Oil Update: Oil prices rose, lifted by concerns that the United States may re-impose sanctions on major exporter Iran, although soaring US supplies capped gains.
Brent crude oil futures were at USD 73.23 per barrel, up 0.14 percent, from their last close.
US West Texas Intermediate (WTI) crude futures were up 0.49 percent, at USD 67.58 per barrel.
The rupee depreciated 7 paise to 66.73 against the US dollar on fresh demand for the greenback from importers and banks ahead of US Federal Reserve's two-day policy meeting outcome.
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Kansai Nerolac, Equitas Holdings, Cyient, Ujjivan Financial, Fortis Healthcare, Lemon Tree Hotels, Godrej Industries and ICICI Prudential Life gained up to 6 percent.
With an assessment suggesting that the current trend may not warrant pursuing the projected coal output target of 1 billion tonnes by 2020 by the company, the government last month indicated revising it.
Europe Update: European markets were higher as investors kept their focus on earnings and monitored an upcoming Federal Reserve meeting.
Germany's DAX gained 1 percent and Britain's FTSE rose 0.6 percent.
Market expectations suggest that there will be no new rate hikes in the US, but analysts will be looking for indications as to whether that will happen shortly.
Crude Oil Update: Oil prices rose, lifted by concerns that the United States may re-impose sanctions on major exporter Iran, although soaring US supplies capped gains.
Brent crude oil futures were at USD 73.23 per barrel, up 0.14 percent, from their last close.
US West Texas Intermediate (WTI) crude futures were up 0.49 percent, at USD 67.58 per barrel.
The rupee depreciated 7 paise to 66.73 against the US dollar on fresh demand for the greenback from importers and banks ahead of US Federal Reserve's two-day policy meeting outcome.
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Dealers attributed the rupee's fall to fresh demand for the US dollar and sustained foreign fund outflows.
On Friday, the rupee had gained 9 paise to close at 66.66 on dollar-selling by exporters and a stellar rally in local equities.
Forex market remained closed on Monday and Tuesday on account of 'Buddha Purnima' and 'Maharashtra Day', respectively.
On Friday, the rupee had gained 9 paise to close at 66.66 on dollar-selling by exporters and a stellar rally in local equities.
Forex market remained closed on Monday and Tuesday on account of 'Buddha Purnima' and 'Maharashtra Day', respectively.
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