FOMC meeting today: Investors are awaiting the outcome of the Federal Open Market Committee (FOMC) meeting, which ends today, as the Indian stock market trades in a narrow range. According to market rumors, the US Fed chairman may decide to announce a 25 basis point maximum interest rate increase. Stock market observers claim that Dalal Street already undervalued the US Fed’s interest rate increase, thus it won’t have much of an influence on Indian indices. Nonetheless, he anticipated a very tumultuous session following the FOMC meeting and urged short-term investors to invest in premium pharmaceutical and fast-moving consumer goods (FMCG) firms that are now trading at favorable discounts. Experts advise long-term investors to purchase car, Technology, and banking companies at a discount.