Sensex trades flat, Nifty near 24,000 ahead of US Fed meet; Infosys, IT pack shines

Indian indices traded flat on Tuesday with the Sensex hovering near 76,800 and the Nifty around 24,000 ahead of the US Fed policy meeting, as IT stocks like Infosys, Tech Mahindra, and HCL Tech gained up to 3% while PSU majors BEL, Power Grid, NTPC, SBI, HDFC Bank, and Bharti Airtel declined up to 3.5%. FIIs were net sellers at about Rs 822 crore while DIIs bought equities worth around Rs 2,329 crore, and the rupee opened stronger at 95.76 against the dollar. Brent crude eased 1% to $88 a barrel on hopes of US-Iran diplomatic progress, while global cues were weak with Kospi tanking nearly 8% and US futures slipping ahead of megacap earnings and the Fed decision.