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Equity benchmarks remained directionless as investors maintained caution ahead of Federal Reserve's two-day policy meeting that will begin tonight. The 30-share BSE Sensex was up 52.46 points at 26567.70 and the 50-share NSE Nifty gained 8.95 points at 8179.75. The market breadth was positive as about 1049 shares advanced against 763 declining shares on the BSE. Analysts say a 25 basis points rate hike is largely priced in by the market, hence the important point to watch out for would be commentary on future rate hikes and inflation.
Equity benchmarks remained directionless as investors maintained caution ahead of Federal Reserve's two-day policy meeting that will begin tonight. The 30-share BSE Sensex was up 52.46 points at 26567.70 and the 50-share NSE Nifty gained 8.95 points at 8179.75. The market breadth was positive as about 1049 shares advanced against 763 declining shares on the BSE. Analysts say a 25 basis points rate hike is largely priced in by the market, hence the important point to watch out for would be commentary on future rate hikes and inflation.
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