INDIAN BENCHMARKS: SENSEX NIFTY ENDS LOWER AFTER CONSOLIDATION

Equity benchmarks ended lower after a consolidation on Wednesday as investors looked for cues from Federal Reserve monetary policy meeting.

The 30-share BSE Sensex was down 1.86 points at 32,400.51 and the 50-share NSE Nifty fell 6.40 points to 10,141.15.

ICICI Bank, Tata Motors, IOC, HUL, Hero Motocorp, BPCL and Kotak Mahindra Bank were down 1-2 percent whereas ITC, Reliance Industries, HDFC, L&T and Dr Reddy's Labs gained.

HEADLINES OF THE DAY

Tata Steel inks pact with Thyssenkrupp.

Divi’s Labs unit-2 completes USFDA inspection.

Mahindra & Mahindra to buy Turkish Tractor Company.

The crucial resistance for Nifty spot is now seen at 10230 and above this 10300. Support for the immediate term is now placed at 10120 and next support will be 10060.

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