Sensex, Nifty fall for 2nd straight session; all eyes on Fed meet

Hi everyone, welcome to another episode of ET Market Watch - your daily podcast for stock market updates. I am neha vashishth, let's start with the highlights

-Indian equity indices ended in the red for the second straight day after swinging between gains and losses
-Sensex ended 223 points lower to settle at 60,625.
-While the Nifty dropped 71 points to end at 18,563.

Today's gainers and losers - Tata Steel, SBI, HUL, HCL Tech, Infosys, and Asian Paints closed with losses, while IndusInd Bank, Axis Bank, Power Grid, L&T, UltraTech Cement, and Tata Motors closed with gains.

Moving on to shares in news
Shares of Greenlam Industries ended with a 20% upper circuit as the company started commercial production at its Tamil Nadu manufacturing plant.
Zomato shares also hit a fresh one-year high with the stock surging over 2%.
Paytm shares also closed 5.5% higher.

Sectorally, Nifty PSU Bank and Nifty FMCG, Nifty IT and Nifty Auto closed lower. In the broader market, Nifty Midcap100 dropped 0.14%, while Smallcap100 declined 0.12%.

Global Markets
Asian shares mostly rose led by a jump on the Tokyo Stock Exchange where share prices got a boost of optimism from a new bull market on Wall Street. Japan's benchmark Nikkei 225 surged 1.8%. South Korea's Kospi added 1.1% , while Hong Kong's Hang Seng advanced 0.8%.

Oil and Rupee
Oil prices rose and were broadly flat on the week. Brent crude futures rose 0.5%, to $76.32 a barrel, while US WTI crude was up 0.5%, at $71.63.
The Indian rupee strengthened 0.12% versus the US dollar and quoted at 82.47 per dollar.