Sensex rises 140 pts, Nifty holds 17,100 ahead of US Fed outcome; PSBs lead

STOCK MARKET HIGHLIGHTS: Investors sold in rallies on Wednesday amid jitters ahead of the US Federal Reserve’s interest rate decision, which is due later tonight. The S&P BSE Sensex touched a high of 58,419 and a low of 58,064 before closing at 58,215, up 140 points or 0.24 per cent.
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Stock Market Highlights: Investors sold on Wednesday amid jitters ahead of the US Federal Reserve’s interest rate decision later tonight. The S&P BSE Sensex touched a high of 58,419 and a low of 58,064 before closing at 58,215, up 140 points or 0.24 per cent.

Meanwhile, the Nifty 50 closed at 17,143, up 35 points or 0.2 per cent. It traded between 17,207 and 17,108 during the day. ICICI Bank, Bajaj twins, TCS, Sun Pharma, HUL and RIL supported gains, while Axis Bank, NTPC, HDFC Bank, Infosys and Nestle India weighed.

In the broader markets, the BSE Midcap and Smallcap indices gained up to 0.5 per cent each. Sector-wise, the Nifty Pharma index rose 1 per cent, followed by Nifty PSU Bank up 0.8 per cent.

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