FX.co ★ Sensex, Nifty Subdued As Fed Meeting Gets Underway

Indian stock markets remained cautious on Tuesday as investors awaited the critical two-day policy meeting of the U.S. Federal Reserve, set to commence later today.

The benchmark S&P BSE Sensex dipped by 100 points to 82,887 during early trading, while the broader NSE Nifty index decreased by 17 points to 25,366.

Tata Motors dropped 2.2% following a block deal.

Other notable declines included Power Grid Corp, Adani Ports, Maruti Suzuki India, and Eicher Motors, each falling between 1-2%.

SpiceJet plummeted 5% after initiating a share sale aiming to raise up to Rs. 3,000 crore.

On the other hand, Bajaj Housing Finance soared 8.4% following an impressive debut.

Torrent Power rose by 5.5% after securing a solar-wind hybrid project from the Gujarat government.

Veefin Solutions surged nearly 3% as the group announced the acquisition of three companies.