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Sensex, Nifty End Flat as High Crude and Fed Caution Offset Sectoral Gains
Sentiment: NeutralHigh Priority
What Happened?
Stock markets closed nearly flat on Tuesday amid high crude oil prices and caution ahead of the US Federal Reserve's policy decision. The BSE Sensex fell 8.08 points to 73,598.67, while the NSE Nifty 50 dropped 3.45 points to 22,749.75.
Key points
- The BSE Sensex closed at 73,598.67, down 0.01%.
- The NSE Nifty 50 settled at 22,749.75, down 0.02%.
- Sectoral performance was mixed, with gains in auto, pharma, and realty stocks.
- The Nifty Auto index rose 1.48%, while the Nifty Pharma index gained 1.91%.
- Broader market indices like Nifty 100 and Nifty 200 ended higher.
- Crude oil prices remain a concern, with Brent crude at $116.34 per barrel.
Key insights
- Investors are closely watching the US Federal Reserve's upcoming policy decision.
- The market's direction may depend on earnings resilience and crude oil trends.
- Continued foreign selling poses risks to market stability.
Why it matters
High crude oil prices could impact inflation and corporate margins in India.
Entities
BSE· OrganizationNSE· OrganizationBrent· ProductUS Federal Reserve· OrganizationIndia· Country
Source
India Today
