Benchmark indices traded volatile after opening lower and witnessed profit booking after the Fed decision of keeping the interest rate steady but gave signal to hike it by the end of the year. Fed announced a plan to start shrinking its balance sheet by reducing its holdings of US Treasury bonds and mortgage-backed securities. Nifty ended the session to close at 10137.10. Pharma stocks were the major gainers of the while Realty and Media stocks were the losers of the day.
Global Markets Update
Nestle said it plans to cut up to 450 jobs at a research and development center for its skin health business Galderma in southern France, as it seeks to make the underperforming unit more efficient.
Banking shares drove European bourses higher on Thursday after the U.S. Federal Reserve signaled a likely December rate hike and announced it would begin trimming its balance sheet in October.
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