Mumbai, Dec 18 || The Indian stock market opened flat on Wednesday as investors await the US Federal Reserve's interest rate decision.
At around 9:33 am, Sensex was trading at 80,651.44 after declining 33.01 points or 0.04 per cent, while the Nifty was trading at 24,328.75 after declining 7.25 points or 0.03 per cent.
The market trend remained negative. On the National Stock Exchange (NSE), 882 stocks were trading in green, while 1,306 stocks were in red.
The focus of global markets will be the Fed decision on Wednesday (US time). A 25 bp rate cut is priced-in by the market.
“The attention will be on the Fed commentary. A significant trend in the Indian market is the outperformance of the broader market where good results are getting appreciated by the market and there is no concern of FII selling,” said experts.
Nifty Bank was down 152.85 points or 0.29 per cent at 52,681.95. Nifty Midcap 100 index was trading at 58,900.55 after dropping 201.35 points or 0.34 per cent. Nifty Smallcap 100 index was at 19,346.40 after dropping 52.05 points or 0.27 per cent.
In the Sensex pack, Tata Motors, Power Grid, L&T, Maruti, ICICI Bank, IndusInd Bank, UltraTech Cement, SBI and NTPC were the top losers. Sun Pharma, HCLTech, Tech Mahindra, TCS, ITC, Bharti Airtel and M&M were the top gainers.