Markets trade lower in early trade; U.S. Fed interest rate decision eyed
The Hindu
Equity indices in Mumbai declined in early trade Wed. due to sluggish Asian markets, cautious investors ahead of U.S. Fed decision, and rising retail inflation to 5.55%.
Benchmark equity indices declined in early trade on Wednesday amid a sluggish trend in Asian markets and cautious approach adopted by investors ahead of the U.S. Fed interest rate decision.
Also, retail inflation rising to a three-month high of 5.55 per cent in November added to the weak trend in equities.
The 30-share BSE Sensex declined 130.21 points to 69,420.82. The Nifty dipped 29.05 points to 20,877.35.
Among the Sensex firms, Tata Consultancy Services, Axis Bank, Infosys, Bajaj Finance, Bajaj Finserv and HDFC Bank were the major laggards.
NTPC, Power Grid, UltraTech Cement and Larsen & Toubro were among the major gainers.
In Asian markets, Seoul, Shanghai and Hong Kong were trading lower while Tokyo quoted in the positive territory.
The US markets ended in the positive territory on Tuesday.
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