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    Sensex opens in red; banks, FMCG, pharma down

    Synopsis

    Investors keenly await a statement from the US Federal Reserve, new economic projections and a press conference by Fed Chairwoman Janet Yellen.

    ET Online
    MUMBAI: The S&P BSE Sensex extended overnight losses as it opened in the negative territory led by losses in banks, pharma and auto sectors. According to dealers, after a massive fall in the past few sessions, the market is likely to turn rangebound and consolidate.

    “Given the crash on Tuesday, the markets really do not need a miracle to revive. Indices will look at recovering from the hammering it received,” said IIFL report.

    Investors keenly await a statement from the US Federal Reserve, new economic projections and a press conference by Fed Chairwoman Janet Yellen.

    Attention will be paid on whether the Fed changes its pledge to hold rates steady for a considerable time, says reports.

    At 09:17 a.m.; the 30-share index was at 26,772.06, down 9.38 points or 0.04 per cent. It touched a high of 26,834.43 and a low of 26,705.67 in early trade.

    The Nifty was at 8,072, up 4.40 points or 0.05 per cent. It touched a high of 8,080.65 and a low of 8,041.20 in trade today.

    The S&P BSE Midcap Index was up 0.20 per cent and the S&P BSE Smallcap Index was 0.25 per cent higher.

    Among the sectoral indices, the S&P BSE Healthcare Index was 0.61 per cent lower, the S&P BSE FMCG Index slipped 0.11 per cent and the S&P Bankex was down 0.63 per cent.

    The S&P BSE Metal Index was up 0.80 per cent and the S&P BSE Oil & gas Index was 0.60 per cent higher.



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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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