(Reuters) – India’s benchmark indexes were off to a muted start on Wednesday, tracking other Asian peers, after upbeat U.S. data pointed to a strong economy and bolstered the case for fewer rate cuts from the Federal Reserve.
The Nifty 50 rose 0.16% to 23,746.65 points as of 9:15 a.m. IST, while the BSE Sensex was up 0.15% to 78,319.45.
Other Asian markets were subdued on the day, with the MSCI Asia ex-Japan index shedding 0.5%.
Wall Street equities closed lower overnight after data showed that U.S. services sector activity accelerated in December, while job openings increased in November. The data indicated that American economy remained resilient, signalling fewer rate cuts from the Fed in 2025.
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia Cheema)
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