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Markets close lower ahead of Fed outcome
Rediff.com

Markets close lower ahead of Fed outcome

The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686. Benchmark indices ended lower, amid a volatile trading session, as investors turned cautious and booked profits ahead of the conclusion of US Federal Reserve two-day policy meet that would signal its take on interest rates. US Federal Reserve may discard its pledge to remain "patient" before hiking rates, reports suggest. Fed chair Janet Yellen will also provide updated economic forecasts ... Rediff.com, 2 months ago
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