Mumbai, Sep 18 || India equity indices opened flat on Wednesday following a mixed trend in global markets ahead of the US Federal Reserve monetary policy decision later in the day.
At 9.42 a.m., Sensex was up 38 points or 0.05 per cent at 83,117 and Nifty was up 10 points or 0.05 per cent at 25,430.
In early trade, the markets were led by banking stocks. Nifty Bank was up 237 points or 0.45 per cent at 52,424.
Midcad and smallcap stocks also traded flat. Nifty midcap 100 index was down 6 points at 60,174 and Nifty smallcap 100 index was up 66 points or 0.34 per cent at 19,531.
Among the sectoral indices, Auto, PSU Bank, fin service, FMCG, energy, infra and pvt bank were the major gainers. IT, pharma, metal and realty were the major laggards.
In the Sensex pack, Bajaj Finance, Bajaj Finserv, UltraTech Cement, SBI, Power Grid, ITC, HDFC Bank, IndusInd Bank, Tata Motors and Kotak Mahindra Bank were the top gainers. Tech Mahindra, Infosys, TCS, Wipro, HCL Tech, Asian Paints, Sun Pharma, Tata Steel and Bharti Airtel were the top losers.