Indian stock market today is watchful ahead of the US Federal Reserve's Monetary Policy meet being scheduled today. Also, the domestic CPI (Consumer Price Inflation data) will be released today. Auto segment, Consumer Durables and Oil & Gas sectors are also seeing some traction in the morning session of trading.
Asian markets are also opened flat.
A sharp rally in crude pooled with US 10 year bond yields crossing 2.5 percent witnessed a weakness, that creep into the emerging markets. Asian indexes were mixed tracking weak cues from the US, as investors chose to expect the result of the US Federal Reserve's monetary policy statement.
Japanese shares down since investors took profits after a recent rally that had taken shares to their highest level in a year.
At 12:40, the S&P BSE Sensex is trading at 26599 up 84.13 points (+0.32%), while NSE Nifty is trading at 8,186.50 up 15.70 points (+0.19%).
An active buying activity is seen in Auto, Consumer Durables, Oil & Gas sectors, whereas Metal, Bank, Realty, Finance, Pharma are showing slackness on BSE.
Tata Motors said it will increase the prices of its passenger vehicles by up to Rs 25,000 from next month so as to compensate the increased input costs.
A generic Tamiflu capsules was launched by Natco Pharma, the drug is used for the treatment of influenza, in the American market after the final approval from the US health regulator in Aug 2016.
Sun Pharma and Moebius Medical have come into an exclusive worldwide licensing contract to further develop MM-II, a novel pharmaceutical drug for the treatment of pain in osteoarthritis.
GAIL India Limited has won a second extension for completing the Cochin-Bangalore-Mangalore natural gas pipeline since it faces unprecedented troubles in getting land in Tamil Nadu and Kerala.
