Synopsis : Indian equity markets traded firmly in the green on Wednesday, with the Sensex gaining over 300 points and the Nifty hovering around the 24,100 mark as investors awaited the US Federal Reserve's policy decision.
While global markets remained cautious ahead of the Fed outcome, strong buying in IT and consumer durable stocks lifted domestic benchmarks. IDBI Bank emerged as the star performer, jumping 12% during intraday trade.
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Indian benchmark indices extended gains during the morning session, supported by positive sentiment in select sectors despite mixed global cues. Investors remained focused on the upcoming US Federal Open Market Committee (FOMC) policy announcement, which is expected to provide crucial guidance on interest rates, inflation, and economic growth.
At around 11:00 AM, the BSE Sensex was trading 344.44 points higher at 77,152.92, while the NSE Nifty50 climbed 97.90 points, or 0.41%, to 24,087.05.
Market participants globally maintained a cautious stance as the US Federal Reserve is widely expected to keep its benchmark federal funds rate unchanged at 3.5–3.75%. However, investors are closely monitoring policymakers’ comments for signals regarding future rate moves and the broader economic outlook amid ongoing geopolitical uncertainties.
Among the Nifty50 constituents, Hindalco Industries, Bajaj Finance, and Reliance Industries emerged as the top laggards, witnessing selling pressure during the session.
On the broader market front, investor appetite remained strong. The Nifty MidCap index advanced 0.47%, while the Nifty SmallCap index outperformed with gains of 0.68%, reflecting continued participation in mid- and small-sized companies.
Sectoral performance remained mixed. The Nifty IT and Nifty Consumer Durables indices led the gains, benefiting from selective buying interest. In contrast, the Nifty Metal and Nifty Realty sectors underperformed and remained under pressure.
A major highlight of the session was IDBI Bank, whose shares surged nearly 12%, attracting significant investor attention and boosting overall market sentiment.
With the Fed decision scheduled later in the day, market volatility could remain elevated as investors assess the implications for global liquidity, interest rates, and capital flows into emerging markets such as India.
Disclaimer : This article is for informational purposes only and should not be considered financial or investment advice. Investors should conduct their own research or consult a financial advisor before making investment decisions.
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