Sensex up 82 points, Nifty ends below 10,850; These stocks gain today

Ahead of US Fed policy announcement today, the Sensex closed 82.79 points up at 36,563.88, while Nifty ended higher at 10,840.70, up 23.10 points. Among the major gainers were Tata Steel, BPCL, Vedanta, JSW Steel and IOC, while Britannia Industries, Coal India, ONGC, and Eicher Motors remained the losers. Notably, except pharma sector, all other sectoral indices closed in the green led by the metal, IT, infra, energy, auto and bank.

Earlier in the day, the 30-scrip Sensitive Index (Sensex) opened opened at 36,621.38 and touched a high of 36,701.61 and a low of 36,620.41 after closing at 36,481.09 on Tuesday. The broader 50-scrip Nifty at the National Stock Exchange (NSE) also opened at 10,872.80 after closing at 10,817.60.

Notably, shares in other Asian markets were largely flat on Wednesday ahead of an expected US interest rate cut, while investors also assessed the impact of higher crude prices in the wake of the weekend attacks on Saudi oil facilities.

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Oil marketing companies rose as crude extended losses from the previous session, after Saudi Arabia`s energy minister said the kingdom will restore lost oil production by the end of the month, said a Reuters report, adding that the stocks were further bolstered by news that India was looking to raise oil imports from Russia.