FX.co ★ India Stocks Muted in Morning Trade

The BSE Sensex remained nearly unchanged, hovering around 80,709 in Thursday's early trading, following modest gains from the previous day. The performance of technology, consumer durables, and financial services sectors saw a rise, counterbalancing declines in the healthcare and communication industries. Market sentiment was particularly cautious, influenced by increasing tensions between India and Pakistan. Further contributing to the subdued mood was the U.S. Federal Reserve's decision to maintain interest rates steady, coupled with warnings about heightened inflation and unemployment risks stemming from the ongoing global trade conflicts. Investors shifted their focus towards fourth-quarter earnings, with approximately 74 companies, such as Larsen & Toubro, Asian Paints, Titan, and Britannia, scheduled to unveil their results later in the day. Meanwhile, a more optimistic outlook emerged as U.S. President Donald Trump is anticipated to reveal a trade agreement with a significant country. Noteworthy stock movements included Tata Motors, which increased by 2.4%, and Kotak Mahindra, up by 1.6%, whereas ITC and Maruti Suzuki experienced declines of 1.2% and 1.0%, respectively.