Sensex trades flat, Nifty below 24,050 as markets snap gaining streak after Fed’s hawkish signal

Indian benchmark indices snapped their gaining streak on Thursday, with Nifty 50 slipping about 3 points below 24,050 after the US Federal Reserve's hawkish signal in its first FOMC meet under new Chairman Kevin Warsh. IT stocks led losses, with Infosys, HCL Tech, Tech Mahindra and TCS declining 1-2.5%, while Trent, BEL and L&T gained around 1%. Supportive factors included Brent crude falling to about $78 per barrel, a stable rupee near 94.52, and FIIs turning buyers after a period of selling, though the US 10-year bond yield rose to 4.46%.