Sensex reverses early gains ahead of Fed meet outcome

The benchmark Bombay Stock Exchange (BSE) Sensex scrapped its initial gains and lost over 100 points in late morning trade on Wednesday ahead of the outcome of the US Federal Reserve’s monetary policy meet.

The 30-share barometer was trading at 28,633.73, down by 102.65 points or 0.36 per cent at 11:02 am. NTPC (National Thermal Power) emerged as the biggest loser with a fall of 2.34 per cent in its share price.
 
Of the 30 Sensex scrips, 22 were trading in red.

On similar lines, National Stock Exchange (NSE) index Nifty was trading 27.95 points lower at 8,695.35.

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