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Sensex remains range-bound in a choppy trade on Wednesday

The benchmark Sensex remained range-bound in a choppy trade on Wednesday, but rose for the third session by edging up over 6 points as investors preferred to stay light ahead of the January expiry in the derivatives segment on Thursday amid a mixed trend overseas.

Caution prevailed on sustained outflows by foreign funds and a mixed trend in global markets ahead of the outcome of the US Fed’s two-day policy meet later in the day, brokers said.

Moreover, a weaker rupee, which depreciated 24 paise to 68.07 against the dollar (intra-day), weighed on sentiment.

The 30-share index, which had gained 523.74 points in the previous two sessions, edged higher by 6.44 points, or 0.03 per cent, at 24,492.39. The gauge had surged nearly 160 points to touch the day’s high of 24,645.70 and a low of 24,458.13, intra-day.

The broader NSE Nifty after shuttling between 7,477.90 and 7,419.70 finally settled higher by 1.60 points, or 0.02 per cent, at 7,437.75.

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