Sensex Up Over 200 Points; Nifty At 10194

Mae Love
March 21, 2018

According to market observers, some caution prevailed ahead of the US Federal Reserve's meeting slated to begin later in the evening.

Closing the day on a positive note, market benchmark Sensex on Wednesday rose 139 points to reclaim the 33000-mark amid mixed global cues ahead of the US Federal Reserve's policy meet outcome.

Most Asian markets ended lower and European markets were also trading weak as investors awaited a likely hike in USA interest rates later in the day.

Financial markets were closed in Japan for a public holiday on Wednesday.

At 2:15 PM, the Nifty 50 was at 10,152.35 points, up 28 points or 0.28%, while BSE-Sensex was at 33,134.04 points, up 137.28 points or 0.42%.

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Hang Seng up by 1.15 per cent, South Korea's Kospi was also up by 0.11 per cent.

Out of 2,023 stocks traded on Nifty, 901 advanced, 772 declined and 350 remained unchanged.

Axis Bank, BPCL, Bharti Airtel and Indiabulls Housing Finance climbed 1-3 percent in the Nifty pack, while Eicher Motors, Infratel and Hero MotoCorp were among the prominent decliners.

Mumbai: Amid volatility, the key Indian equity indices on Tuesday provisionally closed in the green with healthy buying in IT, Teck (technology, media and entertainment) and auto stocks. Gains were led by realty, banking and PSU stocks which rose up to 1.50 per cent.

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