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BSE-listed companies added more than Rs 1 lakh crore in market capitalisation in Wednesday's rangebound session.
The FOMC moved according to script last night, hiking interest rates by 25 basis points. While that should not have come as any surprise to the market, treasury secretary Janet Yellen played party pooper by saying regulators are not considering any blanket deposit insurance to stabilise the US banking system.
Yellen's comments roiled US markets which had seen a couple of good sessions this week and were on the mend. It will be these negative cues that will greet the Nifty 50 ahead of today's weekly options expiry session.
The Nifty 50 traded in a narrow, 100-point range in a lacklustre session on Wednesday ahead of the FOMC decision. While there. Heavyweights like Reliance, ICICI Bank and TCS helped the index close with minor gains.