Ways2Capital Morning Update : Sensex Remains Rangebound Ahead of Fed Meet Outcome, Nifty Hits 9100

Equity benchmarks remained strong, but traded in a rangebound manner ahead of the US Federal Reserve’s policy meeting outcome. Investors are largely factoring in a rate hike in the US on the back of strong economic data. The Nifty touched 9100 in intraday trade on Wednesday.
The 30-share Sensex was up 39.66 points at 29482.29, while the Nifty was up 9.95 points at 9096.95. The market breadth was slightly narrow with 1,197 shares having advanced, 749 shares having declined, while 96 shares were unchanged.
IT stocks TCS and Infosys were the top losers on both the indices, while Adani Ports, Reliance, Idea Cellular and Bank of Baroda were the top gainers on both the indices.
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