Markets opened flat on Wednesday morning on mixed global cues. At 09:16 IST, the Sensex was up 67.57 points or 0.13 per cent at 52761.14 and nifty It was up 24.30 points or 0.15 percent at 15756.40. Around 1415 shares have risen, 348 shares have declined and 73 shares have remained unchanged.
top gainers and losers
Tata Steel, Bajaj Twins, Mahindra & Mahindra, Wipro, Asian Paints, IndusInd Bank, SBI and Maruti were the top gainers in the 30-share Sensex. HUL, Reliance, Bharti Airtel and HDFC twins, meanwhile, were a handful of losers.
All eyes will be on the rate decision after the June 2 meeting of the US Federal Reserve (US Fed). The central bank is expected to raise interest rates by at least 50 basis points after US inflation hit a 41-year high of 8.6 percent in May, according to Street estimates.
global signal
Wall Street shares fell mostly on Tuesday as markets waited for a key Federal Reserve decision and digested another report that said inflation had soared. The Dow Jones Industrial Average ended 0.5 per cent lower at 30,364.83. The broad-based S&P 500 fell 0.4 per cent to 3,735.48, while the tech-rich Nasdaq Composite Index gained 0.2 per cent to 10,828.35.
Tokyo shares opened lower on Wednesday in cautious trade ahead of a major US Federal Reserve decision and the benchmark Nikkei 225 index was down 0.16 per cent, or 42.49 points, at 26,587.37 in early trade on expectations of an even tougher rate hike. , while the broader Topics index was down 0.18 per cent, or 3.34 points, at 1,875.11.
Asian markets were in an aggressive mood on Wednesday as shell-shocked investors waited to see how aggressive the Federal Reserve would be on rates, with many fearing the drastic action would risk propelling the world into recession. . Treasury yields hit a decade high and the dollar hit a 20-year peak as futures were certain the Fed would rise 75 basis points to a range of 1.50-1.75 percent later on Wednesday.
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