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Market WRAP: Indices close at days low; Sensex falls 638 points as metals, FMCG and auto stumble

ONGC, Dr Reddy’s Laboratories, and Cipla were the top gainers from Nifty 50 stocks while Adani Ports, Eicher Motors & Adani Enterprises were the top losers.   

Rohit Kale 0 1186 Article rating: 4.0

Indices closed at the day’s low after a sharp sell-off in the last one hour dragged the market. Nifty plunged 1.21 per cent to close below 16,900 while Sensex tanked 638 points. Nifty Midcap and Nifty Smallcap slipped 1.25 per cent & 0.66 per cent, respectively.  

Market WRAP: Sensex tanks 265 points ahead of Fed meet; metals, energy and pharma slump

All eyes would now be focussed on the decision of US Fed Chairman’s interest rate hike.

Rohit Kale 0 1204 Article rating: 5.0

Major indices ended Wednesday’s trading session on a weak note, ahead of US Federal Reserve meeting scheduled later this evening. Nifty lost 0.55 per cent while Sensex dipped 265 points.

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