On similar lines, the NSE Nifty climbed 68.95 points, or 0.92 per cent, at 7,579.15.
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“Fed commentary on future rate hikes will be very critical, and that is something which is keeping markets fairly nervous”, said Gautam Sinha Roy, a fund manager at Motilal Oswal Asset Management, which has about 97 billion rupees ($1.44 billion) in assets under management. Shanghai Composite Index was marginally down 0.20 per cent. The US Dow Jones edged up 0.13 per cent yesterday.
After losing over 1 percent in the previous session, two top Indian equity indices opened flat on Wednesday but drifted lower, ahead of another crucial meeting of the US Federal Reserve later in the evening.
The sensex registered day high and low at 24,565.30 and 24,367.79 points respectively.
Brokers said investors indulged in selling following a weak trend at other Asian markets and decline in country’s exports for the 15th month in a row in February at 20.73 billion dollar, down 5.66%.
Sector-wise, the S&P BSE bank index gained by 0.88 percent, while consumer durables index tanked by 3.61 percent, telecom index dropped by 1.10 percent and metal index slipped by 0.77 percent.
Europe was also higher in afternoon trade as indices in France, Germany and the United Kingdom moved up by 0.26 per cent to 0.65 per cent. Key indices in China, South Korea, Singapore and Taiwan firmed up by 0.17 percent to 1.02 percent while indices in Hong Kong and Japan eased between 0.15 percent and 0.83 percent. The mid-cap index was lower by 0.41 percent and small-cap stocks was down by 0.17 percent.
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Back home, of the 30-share Sensex pack, 19 scrips ended higher while 11 fell.
