Key Takeaways
- The Indian stock markets have rebounded in initial trade, recovering 191 points in the BSE Sensex.
- The US Federal Reserve’s rate decision is expected to give direction to the markets.
- Major gainers in the initial trade were Maruti Suzuki, Nestle India, Powergrid, and Bajaj Finance.
Mumbai: Reflecting a positive trend in the Asian bourses ahead of US Federal Reserve‘s rate decision, the Indian stock markets opened in green with a recovery of 191 points in the BSE Sensex at 72,203.39 on Wednesday.
Buying in IT, Energy and Banking stock led to a recovery in the market from yesterday’s fall of over 730 points.
In line with the BSE, the Nifty index also moved up nearly 31 points to 21848.35 in the first 15 minutes of the opening session.
The US Federal’s decision on rate is expected during the day, which may give direction to the markets.
In the initial trade, the major gainers were Maruti Suzuki, Nestle India, Powergrid, and Bajaj Finance. The losers were Tata Steel, Tata Motors, JSW Steel, and NTPC.
