: Indian stocks open with minor fall; investors glued to US Fed outcome #IndiaNEWS #Business News New Delhi, Sept 21 (ANI): Snapping two-day gains, Indian stocks traded a tad lower but with a positive

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Indian stocks open with minor fall; investors glued to US Fed outcome #IndiaNEWS #Business News
New Delhi, Sept 21 (ANI): Snapping two-day gains, Indian stocks traded a tad lower but with a positive bias on Wednesday morning as investors await the actual degree of a rate hike by the US Federal Reserve, if at all, for fresh cues. A two-day monetary policy meeting of the US central bank commenced on Tuesday, and the outcome will be announced today late in the evening. At 9.21 am, Sensex traded at 59,705.32, down just 14.42 points or 0.024 percent, whereas Nifty traded at 17,812.85 points, down 3.40 points or 0.019 percent. Among the Nifty 50 companies, 31 advanced and 19 declined at the time of writing this report, National Stock Exchange data showed. This morning, other Asian markets too traded on a negative note as investors await the outcome of the US Fed. Consumer inflation in the US declined marginally in August to 8.3 percent from 8.5 percent in July but is way above the 2 percent goal. Several senior top bankers recently said that another interest rate hike is imminent.

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