Mumbai, India (BBN) – The Sensex and Nifty were trading flat as investors remained cautious ahead of the US Federal Reserve interest rate-hike decision later in the day.
Domestic sentiment was also hit as retail inflation rose to a 4-month high of 3.65 per cent in February and that of wholesale prices shot up to a 39-month high of 6.55 per cent, reports The Hindu Business Line.
At 10.40am, the 30-share BSE index Sensex was up 32.07 points or 0.11 per cent at 29,474.70 and the 50-share NSE index Nifty was up 11.05 points or 0.12 per cent at 9,098.05.
Among BSE sectoral indices, IT index fell the most by 1.22 per cent, followed by TECk 0.65 per cent and capital goods 0.03 per cent.
On the other hand, metal index was up 0.75 per cent, consumer durables 0.61 per cent, realty 0.56 per cent and PSU 0.55 per cent.
Prime Minister Modi’s thumping electoral success over the long weekend had yesterday lifted the Nifty to its all-time high, settling the index at the never-before-seen 9,087.
The Sensex rose by a similar 1.7 per cent, settling at 29,442.63, with the psychologically key 30,000-level well within sight.
Among other Asian markets, Shanghai Composite rose 0.10 per cent, while Hong Kong’s Hang Seng was down 0.18 per cent in early trade today.
Japan’s Nikkei shed 0.29 per cent.
The US Dow Jones Industrial Average had also ended 0.21 per cent down yesterday.
BBN/SK/AD