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Investors remain cautious ahead of US Fed policy meet; Indian benchmark indices decline

Investors remain cautious ahead of US Fed policy meet; Indian benchmark indices decline

India Blooms News Service | | 14 Dec 2016, 05:47 pm
Mumbai, Dec 14 (IBNS): The Indian market closed lower on Wednesday largely due to investors remaining cautious regarding the outcome of the US Federal Reserve's policy meeting, according to media reports.

BSE Sensex was down 94.98 points at 26602.84 and NSE Nifty was down 39.35 points at 8182.45.

It is has been reported that the US Fed is widely expected to raise interest rates which has dented investor sentiment across the globe.

A decline in the share prices of index majors in the domestic market too kept sentiments low.

Some of the key stocks that gained on Wednesday were TCS, Axis Bank, RIL, Infosys, M&M, Tata Motors, Asian Paints and Wipro while Coal India, ONGC, Power Grid, Cipla, ICICI Bank, Bharti Airtel, Hero Motocorpp, GAIL, SBI and L&T declined.

 

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