Indian equity indices traded higher ahead of the US Federal Reserve’s policy decision and commentary. BSE Sensex and Nifty50 showed marginal gains. L&T shares fell on weak December quarter profit and rising logistics costs. Nifty Bank index dropped due to Kotak Bank. The focus is on Fed Chair Jerome Powell’s press conference. US job openings unexpectedly increased, giving the Fed room to keep rates higher. Experts expect first rate cut in June 2024. Asian shares fell, while oil prices and Indian rupee declined.
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