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Sensex ends tad lower by 1.86 points as investors remain cautious ahead of US Fed outcome

Sensex ends tad lower by 1.86 points as investors remain cautious ahead of US Fed outcome

Mumbai, Sep 20 (UNI) The benchmark index of Bombay Stock Exchange (BSE) declined in a range-bound trading session today by 1.86 points to end negative at 32,400.51 as investors maintained cautious stance ahead the outcome of US Federal Reserve's monetary policy meeting due tonight. The Fed, which will announce its decision tonight, is widely expected to keep rates unchanged after a two-day meeting but could begin paring its bond holdings, with reductions likely to start in coming months. The Nifty of National Stock Exchange (NSE) too eased by 6.40 points to 10,141.15. The Sensex recorded the day's high at 32,499.88 and low at 2,383.82 points, respectively. The Nifty recorded the day's high at 10,141.15, and low at 10,134.20 points, respectively. The BSE Mid-Cap index fell 0.07 per cent and BSE Small-Cap index lost 0.14 pc. The losses for both these indices were higher than the Sensex's slide in percentage terms. The market breadth was negative on BSE, as 1,355 shares declined while 1,224 rose and 155 were unchanged. The total turnover on BSE amounted to Rs 5,057.87 crore, compared with a turnover of Rs 7,703.72 crore registered during the previous trading session. Overseas, European stocks edged higher while Asian stocks ended mixed as investors awaited clues from the outcome of Federal Reserve monetary policy meeting later in the global day. US stocks closed at record high yesterday, as the Federal Reserve kicked off a two-day monetary policy meeting yesterday. MORE UNI JS SS NP1721

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