Markets open higher amid firm global trends; eyes on US Fed interest rate decision

Markets open higher amid firm global trends

MUMBAI: In keeping with a strong trend in global stocks, stock markets opened trading on a bullish note on Wednesday, building on their gains from the previous day.
The BSE Sensex (30-share) increased 344.1 points to 58,418.78. The NSE Nifty, a wider index, increased 99.75 points to 17,207.25.
Tata Motors, IndusInd Bank, UltraTech Cement, Larsen & Toubro, HCL Technologies, Bajaj Finserv, and Bajaj Finance were among the top gainers among the Sensex stocks.
The sluggish companies were Power Grid, Kotak Mahindra Bank, NTPC, HDFC Bank, and HDFC.

Asian markets in Seoul, Japan, Hong Kong, and Shanghai were all doing well.
On Tuesday, the US stock markets ended much higher.

The market’s course would be heavily influenced by the Fed’s decision today, according to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

The BSE benchmark increased 445.73 points or 0.77 percent on Tuesday to close at 58,074.68. To close at 17,107.50, the Nifty had gained 119.10 points, or 0.70 percent.

Brent crude, the benchmark for all crude oil, fell 0.58 percent to USD 74.88 per barrel.

According to market statistics, foreign portfolio investors sold shares of stock worth Rs 1,454.63 crore on Tuesday.