Indian Markets Rise as Investors Await Fed Decision

The Indian equity markets opened sharply higher on Wednesday, with the benchmark indices gaining nearly 1% each. Investors were awaiting the US Federal Reserve's policy decision, which is widely expected to keep rates unchanged.

The Sensex opened at 77,423.77, up 657.85 points or 0.86%, while the Nifty started at 24,176.65, rising 191.30 points or 0.80%. The Nifty IT index jumped over 2% in early deals.

Analysts said global markets remained mixed ahead of the Fed's policy decision and key corporate earnings, with higher Brent crude prices amid renewed geopolitical tensions keeping commodity prices volatile.