HomeMarketsSensex slips after 2-day hiatus, Nifty slides below 17,750; all eyes on...

Sensex slips after 2-day hiatus, Nifty slides below 17,750; all eyes on Fed meet outcome

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The domestic benchmark indices closed lower on Wednesday ahead of the US Federal Reserve’s policy meeting outcome. The selling pressure was seen across sectors.

The 30-share Sensex declined 262.96 points to end at 59,456.78. Its broader peer, Nifty50, ended at 17,718.35, up 97.90 points.

was the biggest loser from the 30-share pack, falling 3.19 per cent to Rs 1,223.90. was down 2.64 per cent, declined 2.40 per cent, and L&T fell 1.88 per cent. , , Dr Reddys Labs and were among the laggards.

Sectorally, the Nifty Metal index fell 2.09 per cent, while Nifty Pharma plunged 1.39 per cent. Nifty Midcap50 and Smallcap50 declined 0.61 per cent and 0.78 per cent, respectively.

Earlier in the day, Asian markets ended lower, China’s Shanghai Composite, South Korea’s Kospi and Japan’s Nikkei fell 0.17 per cent, 0.87 per cent and 1.36 per cent, respectively.

The market capitalisation of all listed companies on BSE declined Rs 2.23 lakh crore to Rs 281.19 lakh crore from Rs 283.42 lakh crore on Tuesday.

The market breadth was skewed in favour of bears. About 2,173 declined, 1,286 stocks gained, and 128 remained unchanged.

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