Indian markets closed lower on Wednesday as investors turned cautious before the US Federal Reserve’s policy announcement.
The Sensex fell 275.01 points (0.32%) to 84,391.27. The Nifty dropped 81.65 points (0.32%) to 25,758.
Analysts said the Nifty still faces strong supply near 25,940–26,050, which limits its upside. They added that the index needs a clear breakout above 26,000 to gain momentum. If it slips below 25,700, it may test 25,600–25,500, and volatility could increase around those levels.
The Bank Nifty also dipped. It opened at 59,280, moved to 59,440, and then fell to 58,850. The index finally closed at 58,990, down 0.4%, indicating a brief pause in its uptrend.
Tata Steel, Sun Pharma and ITC were the top Sensex gainers. Eternal, Trent and Bharti Airtel pulled the index down with sharp losses.
Broader markets stayed weak. The Nifty MidCap 100 lost 1.12%, while the Nifty SmallCap 100 slipped 0.90%.
Among sectors, consumer durables saw the biggest fall with a 1.72% drop. IT and PSU banks also declined. Nifty Metal and Nifty Media moved higher and closed as the top gainers.
With no major local triggers, investors now look to the US Fed meeting. Markets expect a 25-bps rate cut, yet experts warn that mixed economic data and internal differences within the Fed may reduce hopes of deeper cuts in 2026.
