Domestic indices fall a day before the US Fed Meeting outcome on Interest rates

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In a highly volatile session on Wednesday, domestic indices fell, ahead of the outcome of UD Fed policy meeting tomorrow on interest rates.

Sensex was down by 262.96 points or 0.44 per cent before closing at 59,456.78 while its broader peer Nifty fell 98 points or 0.55 per cent to end at 17,718.30.

Among the major Nifty losers were Shree Cements, Adani Ports, IndusInd Bank, Power Grid Corp and Ultra Tech Cement. Those who gained were Britannia Industries, ITC, HUL, Apollo Hospitals and Coal India.

Among the sectors, Nifty FMCG index rose 1 per cent while Metal, Pharma, Information Technology, energy Bank and auto indices came down 0.5 to 2 per cent.

At the BSE, FMCG rose one per cent while Capital goods, Oil and Gas, Realty and Power indices shed 1 to 2 per cent each. Broader indices, BSE Midcap and Smallcap indices, fell 0.6 per cent each.

Ambuja Cements, Shree Cements and Adani Enterprises witnessed a short build up while Britannia Industries, Granules Indian and Marico saw a long build up.

Among the individual stocks, a 100 per cent hike in volume was witnessed in Induabulls Housing Finance Mahanagar Gas and City Union Bank. 

More than 150 stocks, including ITC, Welspun Corp, Varun Beverages, Page Industries and CG Power and Industrial Solutions, reached their 52-week highs on the BSE.

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