Continuing its strong winning streak, the Sensex and Nifty 50 ended higher on Wednesday. Sensex ended 137.25 points higher at 36,484.33 while the broader Nifty 50 closed above the 10,950-mark. The indices held on to the gains backed by a rally in financials and bluechips like Maruti Suzuki, SBI, Axis Bank, Tata Steel and ITC amid rising rupee and tumbling crude prices. Asian Paints share price zoomed 3% to a near 4-month high of Rs 1,399. Infosys share price plunged by more than 2% to Rs 663.
Asian share markets played second string to bonds on Wednesday as a spectacular fall in the price of oil spurred speculation the U.S. Federal Reserve might be done with tightening after its policy meeting later in the session.
MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.4 percent, while Shanghai blue chips were flat, Reuters reported. In the United States, the benchmark S&P 500 stock index ended little changed in a choppy trading session on Tuesday as the possibility of a partial U.S. government shutdown raised investor jitters ahead of a highly anticipated meeting of the Federal Reserve. We bring to you live updates.