July 30 (Reuters) – Indian shares opened little changed on Thursday, after the Federal Reserve left its key interest rate unchanged as expected, but Chair Warsh pledged an unwavering commitment to bring inflation down, leaving investors confused.
Asian stocks traded choppy after Wall Street equities and the dollar slipped overnight following the Fed decision, which drew dissent from three of the 12 members of the rate-setting committee. [MKTS/GLOB]
No Fed Chair before Kevin Warsh has faced this degree of dissents so early in their tenure since the 1970s.
The benchmark Nifty 50 was little changed at 24,249.55, while the BSE Sensex shed 0.02% to 77,638.86 by 9:15 a.m. IST.
Eleven of the 16 major sectors logged losses at the open. The broader small-caps and mid-caps fell 0.3% each.
Brent crude fell 1.4%, hovering around $90 a barrel, after rising 7.9% in the previous session. [O/R]
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala)
