MUMBAI: Benchmark indices Sensex and Nifty closed lower on Wednesday as investors stayed cautious ahead of the US Federal Reserve’s monetary policy decision due later in the day.
The Sensex fell 275.01 points, or 0.32 per cent, to finish at 84, 391.27. The Nifty also slipped 81.65 points, or 0.32 per cent, to settle at 25, 758.
“Structurally, Nifty continues to face strong supply in the 25, 940–26, 050 zone, keeping the broader setup range-bound to mildly bullish, ” market watchers said.
“A decisive breakout above 26, 000 remains essential to revive upside momentum. On the downside, a sustained break below 25, 700 could expose the index to 25, 600–25, 500, with volatility expected to intensify near these support clusters, ” they added.