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Indian equity benchmarks muted as elevated oil, Fed in focus
Indian equity benchmarks ended little changed on Tuesday as elevated oil prices kept sentiments cautious, with investors awaiting the Federal Reserve’s policy decision later this week. The Nifty 50 fell 0.02% to 22,749.75, and the Sensex shed 0.01% to 73,598.67. Brent crude traded near $116 per barrel, close to six-month high levels, as attacks on Saudi Arabia dampened hopes of an immediate easing of regional tensions. India’s broader small-caps and mid-caps rose 2.7% and 1%, respectively. Gains there were driven by a post-earnings jump in Sona, Ather Energy and Mankind Pharma, and buying in d...
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