Sensex snaps 5-day fall but fails to hold 33K on caution ahead of US Fed meet

Sensex snaps 5-day fall but fails to hold 33K on caution ahead of US Fed meet
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Mumbai, Mar 20: The BSE Sensex closed higher for the first time in last six consecutive sessions on Tuesday, but failed to hold the 33,000 levels as investors remained cautious ahead of two-day Federal Reserve’s policy meeting beginning later in the day.
HDFC, Infosys and Tata Group stocks helped the market close higher, but selling pressure in Reliance Industries, ICICI Bank and HDFC Bank capped gains.
Overall it was a volatile session for the market as it opened lower following weak Asian cues but immediately recovered from early lows to trade higher within a tight range.
The 30-share BSE Sensex trimmed gains from 180 points to 73.64 points to close at 32,996.76 while the 50-share NSE Nifty rose 30.10 points to 10,124.40.
The broader markets closed mixed as the Nifty Midcap index was up 0.4 percent and BSE Smallcap declined 0.2 percent. The market breadth remained in favour of declines for major part of the session as about three shares declined for every two shares rising on the BSE.