Benchmark indices consolidated on the second trading session of the week amid mixed global cues from Asian and European markets ahead of Federal Reserve’s policy result outcome due in later at night as per Indian standard timing. Fed is expected to hold the status quo on rates but t hint of future hike will be eyed carefully. Nifty ended the session to close at 9336.60.Realty and IT stocks were the major gainers of the day while Media and Pharma stocks were the losers for the day.
Global Markets Update
Shares of European suppliers of microchips, sensors and circuitry to Apple after the smartphone company’s much-awaited iPhone sales missed expectations in the second quarter.
Asian markets fell despite Wall Street overnight that were overshadowed by Apple earnings seen as downbeat after the market close and as the U.S. Federal Reserve is slated to give its latest view on interest rates.
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