Bulls take a breather ahead of Fed rate decision; Sensex falls 300 points

Indian equity indices started the day in the red with the Nifty 50 index falling 0.44% and S&P BSE Sensex dropping 0.46%, dragged by banking and IT stocks. Experts believe the Indian market could remain resilient because of FIIs who bought equity for Rs 8,212 crore during the last four trading days. US markets have been weak in light of a sharp 5% correction in the US Regional Bank Index. Globally, Asian stocks too were down over fears of banking sector turmoil and jitters over interest rates.

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