Nifty above 25,300, Sensex up 313 pts ahead of US Fed policy outcome

The Indian equities ended higher on Wednesday, marking a second day of gains, supported by hopes of progress in India-U.S. trade talks and expectations of a Federal Reserve rate cut later in the day.At close, the Sensex was up 313.02 points or 0.38 percent at 82,693.71, and the Nifty was up 91.15 points or 0.36 percent at 25,330.25. About 2311 shares advanced, 1655 shares declined, and 164 shares unchanged.
Tata Consumer, SBI, BEL, Kotak Mahindra Bank, Maruti Suzuki were top gainers on the Nifty, while losers included HDFC Life, Tata Steel, Bajaj Finserv, Titan Company, SBI Life Insurance.On the sectoral front,FMCG, consumer durables, telecom, metal ended lower while auto, PSU bank, IT, oil & gas rose between 0.5-2.6%. BSE Midcap index ended flat, while smallcap index rose 0.5 percent.
Rupee Close: 
On 17 Sep'25,the Indian rupee appreciated 25 paise to close at 87.80 against the US dollar  on Wednesday, tracking the broad decline in the greenback amid hopes of a US Fed rate cut.Forex traders said investors are closely following the FED Reserve’s policy meeting as dollar softness globally is triggering rupee strength. The market is expecting a 25-bps rate cut, and investors will watch out for the Fed Chair’s speech for further guidance.
Trading Guide: 
Vinod Nair, Head of Research, Geojit Investments stated,Indian equities maintained their upward momentum, aided by the revival of India–US trade talks and efforts to strengthen bilateral ties. A stable INR added to investor confidence, while global markets traded cautiously ahead of the US Fed’s FOMC decision.Domestically, equities remained in risk-on mode, supported by expectations of a rate cut and improving macro fundamentals. Strong domestic inflows, currency stability, and favourable geopolitical dynamics continue to create a constructive near-term outlook for the market.
Market experts recommended five shares to buy on Wednesday-Kross, Great Eastern Shipping Company, P N Gadgil Jewellers, Usha Martin, and Ramco Industries.

(Business Correspondent)