Nifty closed 160 points lower on Wednesday ahead of its Thursday weekly expiry and as caution prevailed ahead of the U.S. Federal Reserve interest rate decision due at midnight. Selling in heavyweight lenders HDFC Bank and ICICI Bank weighed on the benchmarks.

Dear Trader… The benchmark BSE Sensex lost 502 points or 0.62% to settle at 80,182, while the broader Nifty future index closed at 24,257, lower by 160 points or 0.66%. Financial stocks were the biggest drags on the benchmarks, with the Nifty financial services closing 1.2% lower, while Nifty Bank