Indian equity benchmarks ended lower on Wednesday amid
mixed global market trends as traders remained on sidelines ahead of the keenly
awaited US Fed interest rate decision.

The Sensex fell 262.96 points or 0.44% to settle at
59,456.78. During the day, it plunged 444.34 points or 0.74% to 59,275.40. The Nifty
fell 97.90 points or 0.55% to end at 17,718.35.

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The broader indices ended in red with the BSE Mid cap index
down by 0.63% and the Small cap index down by 0.69%. The only gaining sectoral
indices on the BSE were FMCG up by 1.14%, while Utilities down by 2.31%, Power
down by 2.19%, Capital Goods down by 1.36%, Oil & Gas down by 1.33% and
Realty was down by 1.19% were the top losing indices on BSE.

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Top gainers from the Sensex pack were Hindustan Unilever up
by 1.60%, ITC up by 1.59%, Bajaj Finance 0.76%, Tech Mahindra up by 0.42%, Reliance
0.29%, Mahindra & Mahindra up by 0.27%, Nestle up by 0.14% and HDFC up by
0.05%.

Among the losers were IndusInd Bank down by 3.19%, Power
Grid Corp down by 2.64%, UltraTech Cement down by 2.40%, Larsen & Toubro
down by 1.88%, NTPC down by 1.83%, HCL Tech down by 1.41%, Dr Reddys Labs down
by 1.36%, TCS down by 1.30%, Bharti Airtel down by 1.28% and Tata Steel down by
1.28%.

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The rupee declined by 26 paise to close at 80.00 against
the US dollar, following the strength of the American currency in the overseas
market and a muted trend in domestic equities.

Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and
Hong Kong ended lower.

European bourses were trading mostly higher in afternoon
deals. The US stock markets had ended in the negative territory on Tuesday.

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Brent crude, the international oil benchmark jumped 2.38% to
$92.78 per barrel.

According to stock exchange data, foreign institutional
investors (FIIs) were buyers as they bought shares worth a net Rs 1,196.19
crore on Tuesday.