Sensex, Nifty Start Flat as US Fed Signals Fewer Rate Cuts Ahead
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Summary: Markets opened flat on Wednesday as the US Federal Reserve left interest rates unchanged and hinted at only one rate cut this year, making investors wary.
Indian stock markets opened on a steady note on June 19 as investors reacted to the US Federal Reserve’s decision to hold interest rates steady. The Sensex began at 81,446, while the Nifty remained near 24,822, with no notable movement in early trading.
The Fed's recent report indicated only one likely rate decrease in 2025, disappointing those looking for a more aggressive lowering approach. This, paired with confusing global signals, kept markets on edge.
In early sectoral trends:
IT, PSU banks, FMCG, and pharma stocks were under pressure.
Nifty Bank rose slightly, but the mid-cap and small-cap indices remained relatively unchanged.
Analysts believe that with geopolitical tensions continuing to simmer in the Middle East and global trade uncertainty in the background, the Indian market will remain range-bound between 24,500 and 25,000 unless a significant trigger develops.
Overall, the mood on Dalal Street was cautious, with traders waiting for clearer signals from both global central banks and international developments.
