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Wednesday, December 14, 2016

Nifty remains rangebound as Fed rate outlook eyed; ONGC falls

                  

Equity benchmarks recovered from day's lows but remained rangebound as investors awaited the decision of Federal Reserve policy meeting due tonight. More than 95 percent economists expect 25 basis points rate hike but the most important factors to watch out for would be its outlook on US economy, inflation and further rate hike.


Shares of Omkar Speciality Chemicals gained more than 5 percent intraday Wednesday after receiving patent for derivatives of beta-Ketoester.






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