Indian Equities end marginally higher - ICICI Bank : Treasury Research

Indian equities ended marginally higher today, aided by firm cues from European peers. Value-buying in select rate-sensitive stocks continued today, thereby aiding gains in the benchmark indices. However, sentiment remained largely cautious ahead of the US Fed's policy announcement, due later today. Today's gains were led by consumer durables, real estate and metal stocks. The Sensex ended higher at 19,245.70 (+0.12%) while Nifty closed at 5822.25 (+0.15%).

The BSE Bankex ended higher at 13,555.18 (+0.26%). SBI ended higher at INR 2045.70 (+0.09%) while ICICI Bank ended lower at INR 1086.45 (-0.42%).

Asian stocks ended in mixed territory amidst broad-based caution ahead of the US Fed's policy announcement, due later in the day. Nikkei ended higher by 1.83%, buoyed by gains in financials and exporters' stocks. Australia's ASX also ended up by 0.98%, aided by mining shares. Hang Seng and Shanghai Composite ended lower by 1.13% and 0.62%, respectively, dragged by realty stocks amidst reports that the Chinese government might extend property curbs to other cities. Kospi also ended lower by 0.65% on the back of selling by foreign investors.

Source : Equity Bulls

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