Indian Stock markets were ended flat today, with the NSE index up 0.08 percent and the BSE index 0.05 percent higher as sentiment turned tepid ahead of the outcome of the U.S. Federal Reserve’s meeting later in the day. The Indian rupee hit a 16-month peak against the dollar on Wednesday on hopes of increased foreign investments in equities, but the stock market flattened a day after the NSE index hit a record high.
The BSE Sensex slipped 44.52 points to 29,398.11 while the NSE Nifty declined 2.20 points to 9,084.80, dragged by technology stocks. While a hike in rate by the US Federal Reserve is already factored in, markets will keenly watch the Fed’s commentary, experts say. They feel the rally is likely to continue in market, atleast by end of March.
The broader markets outperformed benchmarks smartly despite balanced market breadth. The Nifty Midcap and Smallcap indices gained 0.8 percent each. About 1423 shares advanced while 1392 shares declined on the BSE.
Today’s Top Gainers: Idea Cellular, BHEL, Bank of Baroda, Aurobindo Pharm, Tata Power
Today’s Top losers: TCS, Infosys, HUL, Wipro, HCL Tech