INSUBCONTINENT EXCLUSIVE:
Benchmark indices Sensex and Nifty closed at their highest levels since August 28Domestic stock markets extended gains to a second straight
day to register a nearly three-week peak on Wednesday, supported by buying interest in automobile and pharmaceutical shares
The S-P BSE Sensex rose 117.05 points - or 0.30 per cent - to touch 39,161.40 at the strongest level in early trade, and the broader NSE
Nifty 50 benchmark climbed to as high as 11,546.55, up 24.75 points - or 0.21 per cent - from its previous close
Global shares registered cautious gains as investors awaited the outcome of a two-day policy meeting of the US central bank.The Sensex ended
Both indices registered their highest closing levels recorded since August 28.Dr Reddy's Laboratories, Mahindra - Mahindra, Hindalco,
Bajaj Auto and Britannia, closing between 3.05 per cent to 4.44 per cent higher, were the top percentage gainers in the 50-scrip Nifty
index.On the other hand, IndusInd Bank, NTPC, Bharti Infratel, SBI and Axis Bank, ending between 1.02 per cent and 2 per cent lower, were
the top losers.HDFC Bank, Infosys and Mahindra - Mahindra were the biggest boost to Sensex, contributing more than 150 points to the gain in
the index.Reserve Bank of India Governor Shaktikanta Das said on Wednesday that economic recovery in the country is likely to be gradual, as
an uptick seen in some sectors in June-July appears to have levelled off
Global cues were also positive as participants awaited policy statement from US FOMC meeting
Services.Shares elsewhere in Asia moved higher, with MSCI's broadest index of Asia Pacific shares outside Japan rising 0.47 per cent, but
investors remained cautious before the release of policy statement by the Federal Reserve at the end of a two-day meeting later in the day
by Chairman Jerome Powell half an hour later."Markets are expected to be in sync with global cues tomorrow
Upsides seem to be limited, considering the lack of fresh domestic triggers for the market," Mr Nair said.The E-Mini S-P 500 futures
up 0.15 per cent and 0.06 per cent respectively.(With inputs from agencies)
