Sensex, Nifty end higher ahead of U.S. Fed meet

Tuesday,   18-Jun-2019   04:22 PM (IST)

Indian shares ended higher on Tuesday, led by gains in IT and oil marketing companies, ahead of the U.S. Federal Reserve’s two-day meeting that begins later in the day. The broader Nifty ended 0.17% higher at 11,691.50, while the benchmark Sensex closed up 0.22% at 39,046.34. The Fed is expected to leave interest rates unchanged after its policy meeting, even as President Donald Trump pressed fresh demands for a rate cut. IT services giant Infosys shares closed up over 1%, boosting the Nifty IT index up 0.6%. Oil marketing companies Bharat Petroleum Corp and Indian Oil Corp were also among blue-chip gainers for the day, ending between 1.5% and 2% higher. Debt-ridden airline Jet Airways crashed to fresh life lows before ending 40.8% down, as the company said two of its last remaining directors quit. Yes Bank shares ended nearly 6% down at an over four-and-half-year low, at 109.3 rupees.