Markets end marginally higher even as Fed rate hike looms; PSU banks lead

Nifty PSU Bank index gained 1% led by Allahabad Bank, Andhra Bank, Syndicate Bank and IDBI Bank

Benchmark indices ended moderately higher after a choppy session as data released by the commerce ministry showed that India's May wholesale inflation slipped to 2.17% as compared to 3.85% in April and - 0.90% in the similar period of the previous year.
 
Near-certain rate hike in Federal Reserve’s however kept the gains in check as investors stayed on the fence awaiting clarity on the its future path for US policy.. The widely expected quarter-point interest rate hike will take the Fed funds target rate above 1 percent for the first time since the immediate aftermath of the collapse of