Stocks in Focus: GIFT Nifty traded flat at 19,129.5 down merely 10.5 points or 0.05%, indicating a tepid opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously on Tuesday, the NSE Nifty 50 dropped 61.30 points or 0.32% to settle at 19,079.60, while the BSE Sensex tumbled 237.72 points or 0.37% to 63,874.93.
“Modest cautiousness returned post yesterday’s bounce, ahead of the US Fed policy meeting, dragging Asian and Developed markets. The Fed is widely expected to keep rates unchanged, and the commentary on the future path will be the crucial factor to influence further direction. Main indices witnessed marginal losses particularly led by IT stocks, while mid- & small-caps gained due to the recent moderation in valuat…