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Sensex Rises 333 Points, Nifty Closes Above 23,200; All Eyes on Fed Meet Outcome. What to Expect?

  • The Sensex rose 333 points to close at 74,336.45, and the Nifty ended 99 points higher at 23,217.60, supported by gains in FMCG, realty, and PSU banking stocks amid softer oil prices ahead of the US Federal Reserve's policy decision.
  • Market breadth was cautious with IT stocks underperforming while metals, FMCG, and insurance sectors showed strength, reflecting an uneven recovery; the Nifty IT fell 1.58% and the Nifty PSU Bank rose 1.44%.
  • Foreign Institutional Investors sold equities worth Rs 2,977.86 crore, following recent sharp declines in indices and elevated crude prices near USD 108 per barrel, which along with high bond yields, weighed on risk appetite and market recovery.
  • Investors awaited the US Federal Reserve's expected 25-basis-point rate hike and guidance, contributing to cautious market sentiment.
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Moneycontrol broke the news in Mumbai, India on Wednesday, September 16, 2026.
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