Investors' sentiments across the world by and large will be influenced by the FOMC meeting outcome. It is expected that the European Central Bank (ECB) will announce its interest rate decision on May 4.
Indian stock indices opened Monday's trade on a firm note after closing largely steady last week. At 9.26 am, benchmark domestic indices Sensex and Nifty traded 0.3 per cent up from their previous closing.
BSE Sensex lost 28 points to 59,612.07 and NSE Nifty declined 17 points to 17,607.30 at 11.20 am on Friday. Sectoral indices of Oil & Gas, FMCG, IT, Telecommunication were in the positive territory while Auto, Bankex, Power and Realty on BSE were in the negative territory.
BSE Sensex lost 79 points to 59,647.56 and NSE Nifty dropped 25 points to 17,634.95. Some of the top gainers on Nifty 50 were Mahindra & Mahindra, Tata Steel, Eicher Motors, Hindalco and Larsen & Toubro while the laggards were ONGC, Hindustan Unilever, Apollo Hospital, Infosys and As