Benchmark indices continued to be indifferent in the afternoon trade as investors awaited Federal Reserve rate decision due tonight. The S&P BSE Sensex, was down 44.52 points or 0.15% at 29,398.11, while the Nifty 50 index was down 2.20 points at 9,084.80, on closing. The BSE Mid-Cap index rose 1.06% and the BSE Small-Cap index rose 0.66%. Both the index outperformed the Sensex. The market breadth, signaling the overall health, was positive. About 1,411 shares advanced against 1,398 declining shares on the BSE. A total of 188 shares were unchanged.
IT stocks were the main laggards today on surging rupee. BSE IT was down 1.8% dragged by TCS and Infosys going down 2% each and making them the big losers on BSE Sensex.
US stocks crossed lower yesterday, 14 March 2017, as a continual slump in oil prices that put pressure on energy shares and as investors await the outcome of the two-day Federal Reserve's policy meeting later today. The probable increase in interest rate would be the first of likely three this year.
IT stocks were the main laggards today on surging rupee. BSE IT was down 1.8% dragged by TCS and Infosys going down 2% each and making them the big losers on BSE Sensex.
US stocks crossed lower yesterday, 14 March 2017, as a continual slump in oil prices that put pressure on energy shares and as investors await the outcome of the two-day Federal Reserve's policy meeting later today. The probable increase in interest rate would be the first of likely three this year.