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Taking Stock | Sensex falls 215 points, Nifty below 18,100 ahead of Fed outcome

Bharti Airtel, Apollo Hospitals, Maruti Suzuki, Eicher Motors and Britannia Industries were among the top Nifty losers

November 02, 2022 / 04:21 PM IST

The Indian equity benchmarks snapped a four-day winning streak on November 2 to end lower as investors remained cautious ahead of the US Fed meeting outcome later in the night and a day ahead of the RBI's unscheduled meeting.

At close, the Sensex was down 215.26 points, or 0.35 percent, at 60,906.09, and the Nifty was down 62.60 points, or 0.34 percent, at 18,082.80.

"With the FOMC's outcome around the corner, profit booking and a risk-off mood dragged the domestic market to trade with cuts," said Vinod Nair, Head of Research at Geojit Financial Services.

Strong US employment figures dented expectations of a slowdown in rate hikes. Since the market has already priced in a 75 basis point rate hike by the Federal Reserve, market movement will be determined by its comments on its next move, he added.