At 9:19 am, the BSE Sensex was up 33 points, or 0.04%, at 82,668, while the Nifty50 rose 8 points, or 0.03%, to 25,230.
MSCI’s broadest index of Asia-Pacific shares outside Japan was also flat, while the US dollar and Treasury yields dipped after President Donald Trump said he was “highly unlikely” to fire Powell.
In early trade, gainers on the Sensex included Trent, M&M, BEL, Sun Pharma, Bharti Airtel, and Titan. On the other hand, Tech Mahindra, ICICI Bank, Adani Ports, and Axis Bank opened in the red.
Tech Mahindra was the top laggard, falling over 1% after the company posted lower-than-expected Q1 revenue. The decline was driven by a sharp drop in sales from its Americas market—the steepest in nearly five years.
Nifty Auto, Metal, FMCG, Pharma, Realty, and Consumer Durables rose between 0.2% and 1%, while Nifty Financial Services, IT, and Private Bank indices opened lower.