Indian market is edging higher ahead of US Fed meet

The Indian market is edging higher on Wednesday ahead of the US Federal Reserve's meeting to decide on the direction of interest rates. However, traders are cautious while taking long positions because they will be able to react to the US Fed's decision only on Friday as Thursday is a local holiday on the exchanges. Here is a snapshot of the cash market on the National Stock Exchange.


BENCHMARK INDICES
Nifty rose 74 points to 7,902
Sensex added 271 points to 25,985


BROADER INDICES
CNX 500 rose 0.6% to 6,582 points
CNX Mid Cap Index fell 0.4% to 12,734 points
CNX Small Cap Index lost 0.3% to 5,045 points

SECTORAL INDICES.
Bank Nifty jumped 1.6% to 16,999 points
CNX PSU Bank rose 1% to 3,068 points
CNX Finance gained 1.4% to 6,941 points
CNX Pharma added 1% to 12,607 points

TOP NIFTY GAINERS
Yes Bank
Hero Motors
Bajaj Auto

TOP NIFTY LOSERS
BPCL
Cairn
NMDC

TOP VOLUME BUZZERS
Minda Corporation
Mangalam Cement
Agro Tech Foods
Tata Metaliks

52 WEEK HIGHS
Orient Abrasives
Rama Steel Tubes
Sadbhav Infra

ADVANCE-DECLINE RATIO
Nifty: 41/9
Sensex: 27/3
Futures:101/59
Broader market: 1,297/1,158

(Image credits: Indiatimes)