Markets edge up; track Asian indexes

Mumbai: India’s main stock index rises 0.2%, while the broader 50-share NSE index adds 0.3%, tracking gains in Asian shares, as investors hope for additional US monetary stimulus measures.

The Federal Reserve concludes a two-day policy meeting later in the day, with expectations high the US central bank will extend its bond-buying programme.

Hopes for government fiscal measures also support: state-owned oil companies rise for a second day rose on hopes for a diesel price hike.

Oil and Natural Gas Corp rises 1.6%, while Bharat Petroleum Corp rises 0.8%.