293: Sensex, Nifty likely to open tepid; IndiGo, TCS, DHFL, State Bank of India in focus
Indian shares are set for a flat start on Wednesday amid muted trades in global markets and post-Budget selling pressure. Asian shares traded little changed following losses in US markets as investors await Fed chairman Jerome Powell's testimony before US Congress for further cues on Federal Reserve’s monetary policy. Indian benchmark indices Sensex ended 10 points higher at 38,731, while the broader Nifty50 index lost 3 points to end at 11,556 today. At 7.18 AM, SGX Nifty an early indicator of the Nifty 50's trend in India, traded 12 points, or 0.10 percent, higher at 11,573.50, pointing to a tepid start for the Sensex and the Nifty 50. Stocks to watch: IndiGo, TCS, DHFL, State Bank of India in focus.
