Indian stock markets opened flat on Tuesday ahead of the much-awaited U.S. Federal Reserve meeting, even as Asian markets rallied on hopes of a rate cut.
At the opening bell, the Sensex was marginally down by 35.75 points, standing at 73,774.81, while the Nifty saw a slight decline of 2.20 points, reaching 22,376.20.
The bullish trend in Indian stock indices continued for the third straight week as the benchmark index Sensex breached 60,000 after several weeks on Monday. The majority of the Asian markets rallied and traded in the green as investors cheered the news that the Federal Reserve would go slow