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HindustanTimes Tue,23 Sep 2014

Sensex advances 158 points before US Fed decision

PTI  Mumbai, September 18, 2013
First Published: 10:20 IST(18/9/2013) | Last Updated: 16:39 IST(18/9/2013)

Fuelled by late buying, the BSE benchmark Sensex on Wednesday gained for the third straight day to end 158 points higher on the back of banking, FMCG, oil & gas and healthcare shares ahead of the US Federal Reserve's decision on reducing its monthly bond purchases.

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After gaining 71 points in last two sessions, the Sensex rose by 158.13 points, or 0.80% to end at 19,962.16.

The broad-based National Stock Exchange index Nifty rose by 49.25 points, or 0.84% to 5,899.45.

Also, SX40 index, the flagship index of MCX-SX, ended at 11,801.58, up 78.94 points or 0.67%.

The outcome of the two-day Fed meeting will be known after 2pm EST in the US (about 11:30pm IST).

Domestic markets also got a boost from falling crude oil as Brent slipped towards $108 a barrel mark.

In 30-share Sensex components, 24 stocks gained while six ended lower. Major supporters were Dr Reddy's, HDFC Bank, SBI, ICICI Bank, HUL, ITC, RIL, L&T, Maruti Suzuki, Tata Power, Wipro and Sun Pharma.

Sectorally, the realty sector index gained the most by 2.03%, followed by banking index (1.56%), FMCG index (1.37%) and oil and gas index (0.87%).

Meanwhile, the rupee traded near 63.2 levels when the domestic stock market closed.


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