Markets have been range bound Wednesday in the absence of domestic or global cues. The next big trigger for equities hinges on the outcome of the Fed meeting. Investors are hoping that the US central bank will announce another bond-buying plan to stimulate the economy.
European markets were flat to negative, though Asian stocks closed with gains today.
Realty and IT stocks saw selling pressure. Most other groups of stocks traded with gains on the BSE.
On the Nifty index, 34 of the 50 stocks traded with gains. IT major HCL Tech (3.3%) was the top Nifty gainer, followed by Tata Motors (3%). Shares in Tata Motors have rebounded post strong JLR sales in May.
Cement stocks traded off the day's low ahead of an order by India's competition watchdog in the alleged cartelisation case. Ambuja Cements (-2.9%) was the top Nifty loser.
Shares in Bharti Airtel (-1.6%), India's biggest mobile phone carrier, was down on news that its Nigerian subsidiary was fined for service quality.
Realty major DLF (1.6%) was down on the back of a brokerage downgrade.
(With agency inputs)