Nifty above 23,215, Sensex up 333 pts ahead of FOMC meeting

The domestic share market ended higher on Wednesday amid broad-based buying across sectors, barring IT.Besides easing oil prices also provided some relief to the market.At close, the Sensex was up 332.63 points or 0.45 percent at 74,336.45, and the Nifty was up 99.00 points or 0.43 percent at 23,217.60.Meanwhile, investers also remained cautious  ahead of the US Federal Reserve's monetary policy decision, with markets pricing in its first rate hike since 2023.
SBI Life Insurance, HDFC Life, ITC, Axis Bank and SBI were the top gainers on the Nifty, while losers included TCS, Wipro, Infosys, Tech Mahindra and Bajaj Finserv.On the sectoral front, all indices ended in the green except IT (down 1.5%) and pharma, with FMCG and PSU Bank gaining more than 1% each, according to agency reports. Broader markets underperformed the benchmark indices, with the Nifty Midcap 100 index ending flat, while the Nifty Smallcap 100 index closed marginally lower.
Rupee Close:
On 16 Sep'26,the Indian rupee rupee stayed weak for the seventh consecutive session, declining 7 paise to 95.95 (provisional) against the US dollar on Wednesday, tracking a strong greenback overseas and foreign fund outflows, according to agency reports.Forex traders said the rupee’s slide was capped by positive domestic equity markets, even as crude oil prices remained elevated amid escalating US-Iran conflict.
Trading Guide:
Market experts recommended five breakout stocks to buy on Wednesday Colgate-Palmolive (India), Gmm Pfaudler, Niva Bupa Health Insurance Company, Capillary Technologies India, and Rossell Techsys.

(Business Correspondent)