Stocks end moderately higher ahead of Fed outcome on rates

Mumbai, Mar 20 (UNI) The stock market remain range bound today with the BSE Sensex registering a moderate gain of 89.64 points to close at 72101.69 on the strength of Energy, Oil and Gas, Power and Telecommunications stocks ahead of US Federal Reserve rates decision.

The National Stock Exchange (NSE) was up by 21.65 points to close at 21,839.10.

During the intraday trading the stock market witnessed sea-saw kind of session getting into red and then bouncing back into green.

At the end all index except Bank sector closed in green.

The NSE registered days high and low at 21,930.90 and 21,710.20 points respectively.

Slumping over 730 points on Tuesday, the Sensex opened at 72036.86, rising 24 points. During the day it surged 390 points to touch day’s high at 72402.67, before closing 72101.69, gaining moderate 89.64 points from its previous close.

The stocks that lifted the market include Energy by 1.09 per cent, Oil and Gas by 1.07 per cent, Power by 0.92 per cent and Telecommunications stocks by 0.61 per cent.

The Mid cap rose by 0.05 per cent while Small Cap fell by 0.14 per cent. In 30 scrips, 20 advanced, while 10 declined.

The gainers were Maruti Suzuki by 2.92 per cent to Rs 11936.20, state owned Powergrid by 2.16 per cent to Rs 264.55, Nestle India Ltd by 2.09 per cent to Rs 2548.80, SBI by 1.92 per cent to Rs 737 and ITC by 1.55 per cent to Rs 415.85.

While the major losers were Tata Steel by 1.98 per cent to Rs 145.70, Tata Motors by 1.76 per cent to Rs 940.70, Axis Bank by 1.53 per cent to Rs 1033.50 and HDFC Bank by 1.23 per cent to Rs 1431.10.

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