FX.co ★ Sensex Muted in Morning Trade

Shares in India were largely steady, hovering around 81,661 during early trading on Wednesday, maintaining momentum after gains over the last four sessions. This stability came as advances in technology and real estate sectors were balanced out by declines in pharmaceutical, healthcare, and banking stocks. Investors exercised caution ahead of the anticipated release of the US Federal Reserve's meeting minutes later today, alongside Fed Chair Jerome Powell's upcoming speech at Jackson Hole on Friday, both of which are anticipated to offer insights into potential interest rate changes at the Fed's September meeting. Additionally, China's decision to keep its key interest rate unchanged had an impact on sentiment, as China remains India's largest trading partner. However, optimism surrounding the Indian government’s GST reforms offered some market support, amid a less encouraging Wall Street session plagued by a technology sector selloff. Noteworthy performers included Infosys, which rose by 2.4%, with NTPC and Bharti Airtel both increasing by 1.3%. In contrast, shares of Bajaj Finance, Tata Motors, and Bajaj Finserv dropped by 1.1%, 1.0%, and 0.7%, respectively.