BSE Sensex closed flat, while NSE Nifty closed lower on Wednesday. Photo: Reuters
- Mumbai: BSE Sensex closed little changed, while NSE Nifty settled 21 points lower dragged by metal and PSU bank stocks, offsetting gains in auto stocks. Sentiment across the global equity markets was muted as investors await the US Federal Reserve’s policy decision later in the day. Economists have penciled in three gradual interest rate hikes this year, but the Fed has signalled in March the path of future rate hikes could be “slightly steeper” over the next few years than previously thought, Reuters reported. Here are the highlights from the markets: