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MARKETS ON WEDNESDAY: Indices end flat; IT, metal stocks among top losers

SI Reporter/New Delhi 02 May 18 | 03:31 PM


Benchmark indices ended flat Wednesday  after a choppy session dragged by losses in the metal and IT indices.

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The S&P BSE Sensex ended at 35,176, up 16 points while the broader Nifty50 index settled at 10,718, down 21 points

Sentiment across the globe was muted as investors await the US Federal Reserve’s policy decision later in the global day for cues on the future pace of US monetary tightening.

The Fed is seen set to hold interest rates steady but will likely encourage expectations that it will lift borrowing costs in June on the back of rising inflation and low unemployment.

Back home, shares of HCL Technologies dipped 4.5% to Rs 1,005 per share on the BSE after the IT company posted a 9.9 percent fall in its fourth-quarter net profit earlier today, hurt by higher expenses.

InterGlobe Aviation, the parent company of IndiGo, will also announce their quarterly results today. Markets will look for the company's future plans after the recent exit of its president, Aditya Ghosh.


Asian equities eased on Wednesday, while the dollar traded near a four-month high as investors count down to the US Federal Reserve’s upcoming policy statement for clues on the future pace of US monetary tightening.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3 per cent, while Japan’s Nikkei shed 0.2 per cent.

(with Reuters inputs)

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Company Price Gain (%)
Adani Ports384.053.83
Bharti Airtel357.603.49
ICICI Bank274.853.33


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