Indian Stock markets dip ahead of Federal Reserve and Bank of Japan policy meeting

The Indian stock markets  dipped after a four-day bullish streak, ahead of Wednesday policy decisions by the Bank of Japan and the U.S. Federal Reserve.

The BSE Sensex ended with a loss of 111 points at 28,523. The BSE Sensex opened at 28,691 touched an intra-day high of 28,699 and low of 28,481.

The NSE Nifty closed with a loss of 33 points at 8,776. The NSE Nifty opened at 8,816 hitting a high of 8,816.45 and low of 8,759.

Active buying activity was seen in oil & gas, pharma, consumer discretionary and auto sectors, while telecom, metal, power, banking, finance and FMCG sectors showed weakness on BSE.

Investors booked profits in sectors such as auto and banks that have gained in recent trading sessions.

European stocks went down after rising the most in two weeks as investors awaited the Federal Reserve’s Wednesday meeting, and energy producers slid with oil.

Dr. Reddy's, ONGC, Maruti Suzuki, Cipla, M&M, Asian Paints and GAIL were  among the gainers, whereas Hero MotoCorp, Bharti Airtel and Adani Ports were among the losers on BSE.