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Sensex, Nifty start on cautious note: HCL Tech, Axis Bank, ICICI Bank, Bajaj Finance, SBI among the laggards

10:01 AM Sep 16, 2020 | Agencies

Domestic equity benchmarks Sensex and Nifty opened on a cautious note on Wednesday tracking mixed cues from global markets ahead of the US Federal Reserve's policy outcome.

The 30-share BSE index was trading 53.41 points or 0.14 per cent higher at 39,097.76; while the NSE Nifty rose 14.40 points or 0.12 per cent to 11,536.20.

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M&M was the top gainer in the Sensex pack, rising around 3 per cent, followed by Bajaj Auto, Maruti, L&T, Tata Steel, UltraTech Cement and Nestle India.

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On the other hand, HCL Tech, Axis Bank, ICICI Bank, Bajaj Finance and SBI were among the laggards.

In the previous session, Sensex ended 287.72 points or 0.74 per cent higher at 39,044.35, while Nifty rose 81.75 points or 0.71 per cent to 11,521.80.

Meanwhile, exchange data showed that foreign institutional investors bought equities worth Rs 1,170.89 crore on a net basis on Tuesday.

Domestic equities opened on a cautious note tracking mixed cues from global markets ahead of the US Federal Reserve's policy outcome, traders said.

The American central bank began its latest meeting on interest-rate policy on Tuesday, and it will announce its decision later in the day.

Bourses in Shanghai and Hong Kong were in the red, while Seoul and Tokyo were trading with gains in mid-day deals.

Stock exchanges on Wall Street ended higher in overnight trade.

Meanwhile, global oil benchmark Brent crude was trading 1.51 per cent higher at USD 41.14 per barrel.

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