Equity benchmarks surrendered early gains to close with losses on Wednesday, snapping their four-day winning streak. Investors were cautious ahead of the US Federal Reserve’s meeting on interest rates, while a depreciating rupee further weighed on sentiment. The BSE Sensex failed to hold on to the gains and ended 215 points lower at 60,906. Similarly, the NSE Nifty fell 0.34% to settle at 18,082.8.
- Dow closes 500 points lower, Nasdaq sheds 3% as Fed Chair Powell signals intent to continue hiking rates – CNBC
- Online Trading Strategies to Consider – Kalkine Media