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Published on 21/09/2022 2:31:33 P | Source: ANI

Indian stocks open with minor fall; investors glued to US Fed outcome

Posted in Business Videos| #Stock Market

Snapping two-day gains, Indian stocks traded a tad lower but with a positive bias on Wednesday morning as investors await the actual degree of rate hike by the US Federal Reserve, if at all, for fresh cues. A two-day monetary policy meeting of the US central bank commenced on Tuesday, and the outcome will be announced today late in the evening. At 9.21 am, Sensex traded at 59,705.32, down just 14.42 points or 0.024 per cent, whereas Nifty traded at 17,812.85 points, down 3.40 points or 0.019 per cent.

Among the Nifty 50 companies, 31 advanced and 19 declined at the time of writing this report, National Stock Exchange data showed. This morning, other Asian markets too traded on a negative note as investors await for the outcome of the US Fed. Consumer inflation in the US declined marginally in August to 8.3 per cent from 8.5 per cent in July but is way above the 2 per cent goal. Several senior top bankers recently said that another interest rate hike is imminent.