Market Live: Sensex up 150 points, Nifty around 11,100 in pre-opening
In a policy statement that marked the end of the era of "accommodative" monetary policy, Fed policymakers lifted the benchmark overnight lending rate by a quarter of a percentage point to a range of 2.0-2.25 percent.
Market Opens Equity benchmarks gave up gains within the first minute of trade and were flat. The Nifty hovered around 11,050-mark, while the Sensex was trading around 36,500-mark.
Investors are reacting to developments around customs duty hike that the government announced late on Wednesday.
Among sectors, banks are trading in the red, while IT and pharmaceuticals are trading higher. The Nifty Midcap index is down quarter of a percent.
At 09:17 hrs IST, the Sensex is down 15.4 points or 0.04% at 36526.8, while the Nifty is down 10.3 points or 0.09% at 11043.5. The market breadth is negative as 377 shares advanced, against a decline of 416 shares, while 40 shares were unchanged.
Asian Paints, Tata Motors, GAIL and Titan are the top gainers, while HDFC, Bharti Airtel, and M&M have lost the most.
Stocks in the News: SBI, Hero MotoCorp, HCL Tech, Vijaya Bank, TD Power, Ganesh Films