The Indian stock market opened in the red on Wednesday before the Federal Reserve’s decision on interest rates. Today is the second day of the two-day meeting of the US central bank Federal Bank. Fed Chairman Jerome Powell will announce his decision on interest rates tonight. It is expected that the interest rate can be cut by 0.25 percent. The Bombay Stock Exchange index Sensex opened with a decline today at 80,666.26 points. In early trade, it was seen trading 67 points down at 80,616. In early trade, out of the 30 Sensex stocks, 13 were in the green and 17 were in the red. On the other hand, the National Stock Exchange index Nifty was seen trading 0.14 percent or 34 points down at 24,301 in early trade. In early trade, out of the 50 Nifty stocks, 20 were seen trading in the green and 30 in the red.
Condition of Nifty shares
Among the Nifty pack stocks, the biggest gainers were Apollo Hospitals, Tech Mahindra and Nestle India. On the other hand, the biggest losers were Power Grid, BPCL, IndusInd Bank, JSW Steel and Trent.
Status of sectoral indices
Talking about sectoral indices, the biggest decline was seen in Nifty Media by 0.81 percent. Apart from this, Nifty PSU Bank fell by 0.33 percent, Nifty Private Bank by 0.03 percent, Nifty Realty by 0.38 percent, Nifty Consumer Durables by 0.04 percent, Nifty Oil and Gas by 0.16 percent, Nifty Midsmall Financial Services by 0.02 percent, Nifty Bank by 0.11 percent, Nifty Auto by 0.43 percent and Nifty Financial Services by 0.01 percent. Apart from this, Nifty FMCG rose by 0.29 percent, Nifty IT by 0.43 percent, Nifty Pharma by 0.91 percent, Nifty Healthcare Index by 0.66 percent and Nifty Midsmall Healthcare by 0.12 percent.