Indian stocks extend losses on US rate outlook

MUMBAI: India’s stock benchmarks extended losses on Wednesday on concern the US Federal Reserve may signal a more hawkish 2026 outlook ahead of the expected rate cut later in the day.

The Nifty 50 the BSE Sensex eased 0.32 percent each to 25,758 and 84,391.27 points, respectively.

The indexes have fallen about 1.6 percent each over three sessions this week on persistent foreign selling amid Fed caution and uncertainty over a US trade deal.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 percent ahead of the Fed decision.

The Fed is widely expected to cut rates at its ongoing meeting, but investors expect policymakers to remain divided.