FX.co ★ Sensex Muted in Morning Trade

Shares in India showed little movement on Thursday morning, hovering around 81,504. Gains in sectors such as financial services, automotive, and consumer durables were balanced by declines in manufacturing, healthcare, oil and gas, metals, and real estate. Investors adopted a cautious stance following the US Federal Reserve's decision to maintain interest rates for the fourth consecutive time, albeit hinting at two potential rate cuts later this year. Adding to the cautious sentiment, the Fed revised its GDP forecasts downward for 2025 and 2026 and adjusted its inflation projections upwards. Additionally, traders closely monitored the ongoing geopolitical tensions in the Middle East and fluctuations in crude oil prices, both of which have the potential to affect India's domestic inflation. Noteworthy market performers included Titan and Mahindra & Mahindra, both rising by 0.9%, and JSW Steel increasing by 0.6%. In contrast, Tech Mahindra and Adani Ports saw declines of 2.6% and 1.7%, respectively.