Indian equity benchmarks ended with losses on Wednesday, breaking the four-day gaining streak. The losses came ahead of the US Federal Reserve meeting and the Federal Open Market Committee (FOMC) is expected to announce a 75 basis points hike. The Centre for Monitoring Indian Economy (CMIE) released data showing the unemployment rate in the country at its four-year low in September.

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The Sensex closed 215.26 points or 0.35% lower at 60,906.09. The Nifty fell 62.55 points or 0.34% to settle at 18,082.85. 

The broader indices ended mostly red with the BSE MidCap index losing 0.12% and the SmallCap index up 0.23%. 

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The top losing sectoral indices on the BSE were Telecommunication down by 1.31%, Realty 1.01%, TECK 1.00%, Auto 0.75%, and Power 0.65%, while Metal up by 0.67%, Healthcare 0.43%, Energy 0.14%, Commodity 0.09%, and Oil and Gas 0.09% were the gaining sectoral indices on BSE.

Top laggards on the Sensex were Bharti Airtel down by 3.05%, Maruti Suzuki 2.40%, Hindustan Unilever 1.31%, Infosys 1.29%, HCL 1.26%, IndusInd Bank 1.13%, Titan Company 1.05%, Axis Bank 0.98%, Nestle 0.93%, and Asian Paints 0.83%.

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Among the gainers were Sun Pharma up by 1.81%, ITC 1.43%, Tech Mahindra 0.94%, Reliance Industries 0.62%, Wipro 0.37%, Dr Reddy’s Labs 0.35%, Bajaj Finserv 0.15%, and HDFC Limited 0.05%. 

The rupee fell 19 paise to close at 82.78 against the US dollar, following a muted trend in domestic equities ahead of the release of the US Fed’s policy statement.

Asian markets settled mixed with the KOSPI Composite up by 1.65%, the Nikkei 225 down by 0.06%, Shanghai Composite up by 1.15%, and the Hang Seng up by 2.41%.

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European stock exchanges were trading mixed in mid-session deals. The US equity markets ended lower on Tuesday.

Brent crude futures, the international oil benchmark slipped 0.26% to $94.40 per barrel.

According to stock exchange data, foreign institutional investors purchased shares worth a net of Rs  2,609.94 crore on Tuesday.