Sensex, Nifty end lower as IT shares drag ahead of Fed’s policy decision

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Key Points

Indian shares declined on Wednesday, dragged by information technology (IT) stocks, as caution prevailed across markets ahead of the U.S. Federal Reserve's rate decision later in the day...

The Nifty 50 closed 0.32% lower at 18,089.85, while the S&P BSE Sensex lost 0.26% to 61,193.30..

The Sensex snapped an eight-day winning streak while the Nifty logged losses after six sessions of gains...

Metals fell, dragged by weak factory activity data from top metals consumer China, while financials trimmed intraday losses to close marginally lower...

MRF Ltd gained over 5% after reporting a 162% year-on-year rise in March-quarter profit, while Adani Wilmar Ltd lost more than 4% after posting a 60% slide in March-quarter profit.. Upstream oil company Oil and Natural Gas Corporation Ltd fell nearly 2% and was among the top Nifty 50 losers on a sharp fall in crude oil prices..

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