Indian equity markets opened on a cautious note after the US Federal Reserve kept interest rates unchanged while maintaining a relatively hawkish stance on inflation. The Sensex and Nifty traded in a narrow range as investors assessed the impact of global monetary policy, mixed corporate earnings and foreign fund flows. Banking and FMCG stocks offered support, while broader market indices witnessed selective profit booking.
Market experts believe the Fed’s commentary could influence foreign institutional investment into emerging markets over the coming weeks. Investors are also tracking domestic quarterly earnings, crude oil prices and upcoming macroeconomic data for further direction. Analysts expect stock-specific action to dominate trading until fresh domestic or global triggers emerge.
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