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FR
Indian shares have a muted start after two-day rally, budget awaited
['Thu', 'January At Am Gmt', 'Min Read']
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The budget is key for signals on the trajectory of economic growth momentum and corporate earnings in the world's fastest-growing major economy.
Overnight, the U.S. Federal Reserve's held rates as widely expected.
The Nifty 50 rose 0.01% to 25,345, while the BSE Sensex added 0.03% to 82,368.96 as of 9:15 a.m. IST.
On the day, Asian markets traded flat, while Wall Street equities posted modest gains after the Fed held rates steady, citing still-elevated inflation and solid growth.
Higher U.S. rates make emerging markets like India less attractive as they support the dollar and U.S. Treasury yields.