Investing.com — Major Indian indices made a positive opening on Wednesday amid mixed cues from global markets and ahead of the Federal Reserve’s later in the day.
At 03:00 ET (07:00 GMT), benchmark index rose 0.68% to 19,814.2 points and the 30-scrip surged 0.71% or 471.1 points. The Indian market volatility barometer jumped 6% to 10.86 levels.
Behemoths including Larsen & Toubro (NS:), Reliance Industries (NS:), ITC (NS:), and Adani Ports (NS:) led the support in the Indian market, pushing both the headlines higher, also outperforming its Asian peers ahead of the Fed’s two-day July monetary policy meeting decision.
The Sensex snapped a three-day losing run on Wednesday, with most stocks seen trading in the green. The index has zoomed 6.14% over the past month, while the Nifty 50 is up 6% in this period.
Barring , all the sectoral indices listed under the Nifty umbrella traded in the green, led by an over 1% jump in , followed by . traded 0.23% higher.
The automaker giant M&M (NS:) led the losses on the Nifty pack, along with heavyweights including SBI Life (NS:) and Titan (NS:).
Investors globally await the US Fed’s interest rate hike announcement scheduled for later today, followed by Fed Chair .
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