Indian equities are trading flat on early morning deals on Thursday after the U.S. Federal Reserve left interest rates unchanged as widely expected, but the latest set of projections suggested there could be at least one increase to its main rate this year.
In the broader markets, the Nifty MidCap and the Nifty SmallCap indices were trading 0.04 per cent and 0.53 per cent higher, respectively.
Meanwhile, Brent crude prices extended losses following the signing of an interim agreement between the US and Iran, which will open the Strait of Hormuz and waive Washington’s sanctions on Tehran’s oil.
At 10:27 hours, the 30-share benchmark index was trading at 77211.11 up by 55.49 points or by 0.07 % and then NSE Nifty was at 24123.2 up by 37.5 points or by 0.16 %.
The top gainers of the BSE Sensex pack were HDFC Bank Ltd. (Rs. 800.65,+1.76%), Trent Ltd. (Rs. 3144.00,+1.37%), Bharat Electronics Ltd. (Rs. 424.80,+1.19%), InterGlobe Aviation Ltd. (Rs. 4898.40,+0.41%), NTPC Ltd. (Rs. 356.65,+0.35%), among others.
On the flip side, the top losers of the BSE Sensex pack were Infosys Ltd. (Rs. 1135.55,-1.95%), UltraTech Cement Ltd. (Rs. 11278.95,-0.80%), Tata Consultancy Services Ltd. (Rs. 2205.50,-0.77%), Titan Company Ltd. (Rs. 4353.30,-0.65%), Mahindra & Mahindra Ltd. (Rs. 1453.30,-0.60%), among others.
On the sectoral front, the Nifty IT declined the most. The Nifty PSU Bank, the Nifty Metal, and the Nifty Consumer Durables outperformed.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4061 , shares advanced were 2383 while 1449 shares declined and 229 were unchanged.