Markets advance ahead of US Fed decision;Interestingly, returns have

However, gains were capped as investors remained in wait and watch mode

BSE
People walk past the Bombay Stock Exchange (BSE) building, in Mumbai (Photo: PTI)
BS Reporter
1 min read Last Updated : Mar 02 2023 | 5:22 PM IST
Benchmark indices gained a per cent on Wednesday ahead of a pivotal monetary-policy announcement. The Sensex rose 548 points, or 0.99 per cent, to close at 55,816, while the Nifty gained 158 points, or 0.96 per cent, to finish 16,642. Most global markets edged higher as experts said investors had largely priced in a 75-basis-point increase in interest rates. 

However, gains were capped as investors remained in wait and watch mode. Most global equities have rebounded sharply from their June lows on optimism that easing inflationary pressures will prompt the Fed to act less aggressively than expected earlier. Among Sensex and Nifty stocks, Sun Pharma gained the most at 3.2 per cent, while Bharti Airtel was the biggest loser, shedding 1.33 per cent.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Sensexstock marketsbenchmark indicesUS Federal Reserve

Next Story