Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets closed with marginal losses on Wednesday as worldwide markets anticipated FOMC meeting outcome and Fed’s rolling back its bond-acquiring system. S&P BSE Sensex is presently at 58,927 even though Nifty 50 is placed at 17,546. Broader markets outperformed benchmarks on Wednesday and closed with gains. Entering the weekly F&O expiry session, SGX Nifty was up more than one hundred points, hinting at a positive start off for domestic equities. Global cues have been positive right after Dow Jones, S&P 500, and the NASDAQ jumped larger, a move mirrored by Asian stock markets.
The Federal Reserve mentioned it could start off rolling back its month-to-month bond purchases as quickly as November this year. The interest price was kept steady at %, but the US central bank mentioned that a price hike could come sooner than anticipated. Federal Reserve Chairman, Jerome Powell mentioned that the tapering of its bond-acquiring system could finish in mid-2022 as the FOMC preferred a gradual pace of tapering. The fed now projects inflation will stay marginally above its target for 4 years. GDP projects for the US economy have been trimmed to 5.9% as against 7% earlier. Fed’s statement lifted US stock markets larger.