Market Wrap: Sensex, Nifty end lower on September 18, 2023

Sensex, Nifty end lower on September 18, 2023 Market Wrap {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}

Benchmark stock indices Sensex and Nifty declined on Monday, breaking an 11-day rally. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}

The 30-share BSE Sensex fell 241.79 points or 0.36% to close at 67,596.84. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}

The broader Nifty declined 59.05 points or 0.29% to end at 20,133.30. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}

Weak trends in global markets and caution ahead of the US Federal Reserve's interest rate decision contributed to the decline. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}

Major laggards among Sensex firms included HDFC Bank, Bharti Airtel, Infosys, UltraTech Cement, Tata Steel, and others. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}

Gainers on the Sensex included Power Grid, Titan, Mahindra & Mahindra, and NTPC. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}

Investors were cautious due to expectations of policy rate decisions this week and concerns about a demand resurgence in China, combined with crude supply cuts. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}

The markets are also awaiting clarification from major central banks amid Fed rate hike fears. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}

Global oil benchmark Brent crude climbed to USD 94.30 a barrel. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}

Click here to know more about market wrap. Check here for more market-related stories. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(2)"},{"transform":"scale(1.5)"},{"transform":"scale(1)"}]}