Mumbai March 20 (IANS) Key Indian equity indices traded on a flat-to-positive note amid volatility during the mid-afternoon trade session on Tuesday as caution prevailed ahead of the US Federal Reserve s March 20-21 meeting.
Around 1.20 p.m. the wider Nifty50 of the National Stock Exchange (NSE) was trading higher by 16.50 points or 0.16 per cent at 10 110.75 points.
The barometer 30-scrip Sensitive Index (Sensex) of the BSE which opened at 32 876.48 points was trading at 32 968.42 points -- up 45.30 points or 0.14 per cent from the previous session s close.
The Sensex had so far touched a high of 33 102.74 points and a low of 32 810.86 points during the intra-day trade.
The BSE market breadth was bearish with 1 410 declines and 1 093 advances.
"Indian markets opened lower today tracking Asian markets amid caution ahead of US Federal Reserve s Open Market Committee (FOMC) meet starting later today " said Dhruv Desai Director and Chief Operating Officer of Tradebulls.
"Investors will be looking forward to the latest developments in Parliament following the no-confidence motion moved by Telugu Desam Party (TDP) after it broke away from the BJP-led NDA following the Centre s refusal to grant Special Category status to Andhra Pradesh " he added.
On Monday the benchmark indices hit their lowest levels since December 6 2017 as India s widening Current Account Deficit (CAD) along with weak global cues ahead of the US Federal Reserve March 20-21 meeting dented investors risk-taking appetite.
The NSE Nifty50 declined by 100.90 points or 0.99 per cent to close at 10 094.25 points while the BSE Sensex closed at 32 923.12 points -- down 252.88 points or 0.76 per cent from its previous close.
--IANS
ppg/dg
