Equity indices ended lower on Wednesday after a day of choppy trade with the benchmark indexes yet again recovering in the last hour of trade. The NSE Nifty50 ended at 11,053.80, marginally down by 13.65 points, or 0.12 percent, while the BSE Sensex settled 110 points lower, or 0.30 percent, to close at 36,542.27.

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Reliance Industries and HDFC Bank contributed 25 points to Nifty’s gains, while IT shares dragged the index. TCS, Infosys and ITC were top contributors to Nifty’s fall. Metal stocks surged with the Nifty Metal ending 2 percent higher.

Nifty PSU Bank and IT traded under maximum pressure among sectoral indices. Sugar stocks ended lower despite the government nod for a financial package.

(Market update as of 3.40 pm)

Sensex, Nifty dip as investors turn cautious ahead of US Federal Reserve meeting outcome

Indian equity indexes extended losses around Wednesday afternoon, giving up early gains as investors turned cautious ahead of the outcome of the US Federal Reserve meet.

The BSE Sensex traded at 36,468.92, plunging by 183 points, while the NSE Nifty50 traded just above the 11,000 mark, at 11,025.30, dipping by 42 points at 12 pm.

Both the NSE and BSE indexes have shed nearly 4 percent each in the last six sessions.

Sectoral indices — FMCG, banks, auto, IT, metal, pharma and PSU Bank — dipped on the NSE.

Among stocks, UPL, Yes Bank, Titan Company, Gail, Bajaj Finance, HDFC Bank, Axis Bank, M&M and Tata Steel were among top gainers, rising by up to 3.78 percent.

The laggards included Tata Motors, HCL Tech, ITC, SBI, Maruti Suzuki, Hindustan Unilever, Wipro, dipping by up to 3.38 percent.

Asian shares inched higher as US-China trade war worries receded, while US bond yields stood near a seven-year peak ahead of a widely expected rate hike by the Federal Reserve.

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With agency inputs

First Published:Sept 26, 2018 12:32 PM IST