Benchmark indices traded flat as caution prevailed before the US Federal Reserve’s policy meeting result later today on bond buying decision. Fed is widely expected to keep rates unchanged after a two-day meeting but could begin paring its bond holdings, with reductions likely to start in coming months. Nifty closes the day at flat at10169.PSU banks stocks were the major gainers of the while Realty and Auto stocks were the losers of the day.
Global Markets Update
Japan’s embattled Toshiba Corp has selected a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks, a last-minute dramatic twist to a highly contentious auction.
European stocks hovered in cautious trade on Wednesday ahead of a policy decision by the U.S. Federal Reserve, with rate-sensitive banking shares edging lower.
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