Domestic markets were flat on Wednesday’s intra-day trade ahead of the US Federal Reserve’s interest rate outcome. Key indices Nifty50 was flat below 17,800 levels and the S&P BSE Sensex was flat at 59,707 levels.
Broader markets, however, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 climbed up to 0.4 per cent.
All sectors traded on a volatile note as they swung between gains and losses. Nifty FMCG and Nifty Media indices climbed over 1 per cent. On the other hand, Nifty Bank, Nifty Energy and Nifty Realty indices were bogged down in trade.
While Hindustan Unilever, Nestle India, L&T, M&M, Tata Steel, attempted to trim losses for the benchmark indices; Infosys, IndusInd Bank, TCS, HDFC mounted pressure on the indices.