Sensex Rises 300 Points as Markets Await US Fed Rate Decision

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Indian benchmark index Sensex gained around 300 points in early trade as investors awaited the US Federal Reserve's interest rate decision. Market sentiment was cautiously optimistic ahead of the crucial Fed announcement, which is expected to influence global financial markets. Meanwhile, oil prices declined after a rise in US crude inventories offset concerns over tightening supply from Saudi Arabia. The drop in oil prices provided some relief to import-dependent economies like India. Broader market indices, including Nifty, also traded in positive territory during the session.

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