Sensex, Nifty turn cautious ahead of US Fed policy meet

Mumbai: Domestic equity benchmark BSE Sensex the NSE Nifty turned cautious in early trade Tuesday ahead of US Federal Reserve's meeting, amid escalating global trade war concerns.

Also Read: Rupee slips 9 paise to 69.89 vs USD in early trade 

After rebounding over 150 points in opening session, the 30-share index pared gains to trade marginally higher at 38,969.76 at 0945 hours. Similarly, the broader NSE Nifty was quoting slightly up at 11,678.25. In the previous session on Monday, the BSE gauge settled 491.28 points, or 1.25 per cent, lower at 38,960.79; while the Nifty cracked 151.15 points, or 1.28 per cent, to close at 11,672.15.

Also Read | Rupee slides 16 paise to 68.96 against US dollar

Meanwhile, foreign institutional investors sold equity worth Rs 331.27 crore, while domestic institutional investors bought shares to the tune of Rs 1,257.86 crore, provisional data available with stock exchanges showed on Monday.

Also Read: Sensex plummets 491 pts on Indo-US trade war fears

Also Read | Rupee slides 16 paise against dollar to 68.24

On the currency front, the Indian rupee appreciated 9 paise to 69.82 against the US dollar. (ANI)

• #BSE
• #Sensex
• #NSE
• #Nifty
• #global trade
• #early trade
• #Dollar