<div style="float: left;">
		<img align="" alt="Stock market, BSE, sensex, markets" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-09/22/full/1632275695-0555.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="Stock market, BSE, sensex, markets" width="620">
		<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px;">
		Photo: Bloomberg</div></div>

Market Wrap: Bharti Airtel, Maruti, HCL Technologies and Hindustan Unilever were the prominent losers, while ITC and Sun Pharma finished with steady gains.

Stock market, BSE, sensex, markets

<div>
	<div>
		<strong>STOCK MARKET HIGHLIGHTS</strong></div>
	<br />
	<div>
		The key benchmark indices snapped their four-day winning streak ahead of the US Federal Reserve meet outcome later tonight. Investors expect the global central bank to hike interest rates by 75 basis points, with hopes of softening the rate hike cycle thereafter.</div>
	<br />
	<div>
		The S&P BSE Sensex touched a high of 61,210 in opening trades, but soon slipped into red and drifted to a low of 60,794 on the back of weakness in IT, telecom and select auto stocks. The Sensex finally ended 215 points lower at 60,906.</div>
	<br />
	<div>
		The NSE Nifty ended with a loss of 62 points at 18,083.<br />
		<br />
		<div>
			Among the Sensex 30 shares, Bharti Airtel shed 3 per cent, and Maruti declined 2.5 per cent. HCL Technologies, Hindustan Unilever, Infosys, Axis Bank and Nestle India were the other prominent losers.&nbsp;</div>
		<br />
		<div>
			On the other hand, Sun Pharma extended gains post it&#39;s strong Q2 results and was up 1.7 per cent. ITC hit a new record high and finished 1.3 per cent higher. <a href="https://www.business-standard.com/article/markets/itc-hits-new-high-in-subdued-market-zooms-63-thus-far-in-year-2022-122110200651_1.html" target="_blank"><strong>READ MORE</strong></a></div>
		<br />
		<div>
			The broader market exhibited a mixed trend. The BSE Midcap index eked a 0.1 per cent loss, while the Smallcap index added 0.2 per cent. The overall market breadth was marginally positive, with 1,799 stocks advancing versus 1,668 stocks declining on the BSE.<br />
			<br />
			Among sectoral indices, the BSE Telecom index dropped 1.3 per cent. The Realty index too was down a per cent. The IT and Power indices were down over 0.5 per cent each, while the Metal index advanced 0.7 per cent.<br />
			&nbsp;</div>
	</div>
</div>
<div>
	<strong>Buzzing Stocks</strong><br />
	<br />
	<strong>LIC Housing Finance</strong> plunged 8.5 per cent after the company reported a disappointing set of numbers for Q2FY23. <a href="https://www.business-standard.com/article/markets/lic-housing-finance-plunges-13-on-disappointing-september-quarter-results-122110200220_1.html?1667363279" target="_blank"><strong>READ MORE</strong></a></div>
<br />
<strong>Karnataka Bank </strong>was locked at the 20 per cent upper circuit of Rs&nbsp;112.55, after the bank&#39;s net profit grew 228 per cent YoY (an all-time quarterly high) to Rs 411.5 crore in Q2FY23. <a href="https://www.business-standard.com/article/markets/karnataka-bank-zooms-20-hits-over-3-year-high-on-strong-q2-results-122110200259_1.html?1667364654" target="_blank"><strong>READ MORE</strong></a>

Sensex snaps 4-day winning run, slips 215 pts ahead of US Fed rate decision

Business Standard

Sensex snaps 4-day winning run, slips 215 pts ahead of US Fed rate decision | News on Markets - Business Standard

PRE-OPEN SESSION | Sensex heading for a flat start

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/1667360403173.png

CURRENCY ALERT | Rupee opens 6 paise stronger at 82.64/$

Stocks to Watch: Tech M, Adani Ports, Hero Moto, Voltas, Eicher Motors, RIL

<div>
	Stocks to watch today: Tech Mahindra&#39;s net profit for Q2 FY23 was down 4 per cent at Rs 1,285 crore due to supply-side pressure; NCC received two new orders worth Rs 1,056 crore in October. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-today-tech-m-adani-ports-hero-moto-voltas-eicher-motors-ril-maruti-suzuki-122110200124_1.html" target="_blank"><strong>Read more</strong><br />
	<img alt="National Stock exchange, NSE" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-08/11/full/1660209728-4965.jpg?im=Resize,width=640" /></a></div>

Vinay Rajani of HDFC Securities recommends Buy on KIMS, United Spirits

<div>
	On the broader market outlook, the technical analyst sees 18,350 as the next resistance for the Nifty 50, and support at 17,800-level. <a href="https://www.business-standard.com/article/markets/vinay-rajani-of-hdfc-securities-recommends-buy-on-kims-united-spirits-122110200139_1.html?1667359503" target="_blank"><strong>Read more</strong><br />
	<img alt="Markets, stocks, buy, sell, trading, shares, stock market" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2021-05/20/full/markets-stocks-buy-sell-trading-shares-stock-market-1621493543-09722620.jpg?im=Resize,width=640" /></a></div>

Rupee strengthens 7 paise to close at 82.70/$ Tuesday

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16673592023367.png

DIIs withdraw Rs 730 crore of shares on Tuesday

FIIs pump in Rs 2,610 crore of shares on Tuesday

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16673585980703.png

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16673585360839.png

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16673584357026.png

US equity futures trade with tepid gains in post mkt deals

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16673583419892.png

Asian markets edge higher in early trades

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/1667357718227.png

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16673575230028.png

Good morning readers! Catch all live market updates here with Business Standard

Stay tuned for all the market action and more!