As investor focus turned to the US Federal Reserve policy meeting for cues on future rate hikes, benchmark equity indices opened flat with a negative bias on Wednesday. Gains in banking and capital goods stocks were offset by losses in IT, auto and metal counters.
At 9.18 am, the BSE Sensex was trading 63 points or 0.10% lower at 61,058. Nifty50 was trading at 18,117, down 28 points or 0.16%.
“Globally markets are waiting for the Fed commentary tonight. 75 bp rate hike is given ..
In early trade in Asian markets, Japan’s Nikkei 225 dropped 0.11% and South Korea’s Kospi fell 0.04% while China’s Shanghai Composite advanced 0.88%.
The Indian rupee fell 0.01% to 82.69 against the US dollar in early trade on Wednesday. Meanwhile, the dollar index, which tracks the movement of the greenback against a basket of six major world currencies, declined 0.19% to 111.26 level.
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