Worries ahead of the US Fed outcome and increasing warning calls by the WHO against the Omicron coronavirus variant are keeping investors on the sidelines. After starting with mild gains, the benchmark indices quickly slipped into the negative zone today(15th Dec.2021). The BSE Sensex was down 295 points at 57,821 levels, while the Nifty50 was down 79 points at 17,250. All sectors, barring the metal index, were in the red.
The Fed is the first among the four major global central banks, set to meet this week, to discuss whether to guard against inflation and end the current era of low-interest rates and central bank asset purchases or sit tight given the economic threat posed by the new variant.
Against this backdrop, the BSE Sensex started at 58,144 level, up 27 points. The NSE Nifty, too, was little changed at 17,335.25, up 10 points.M&M (up 2 percent) was the top Sensex gainer, followed by ITC (1 percent), Axis Bank, Power Grid, NTPC, and HDFC Bank.
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