(Updates for markets open)
June 19 (Reuters) - India's equity benchmarks opened
flat on Thursday, as hawkish signals from the U.S. Federal
Reserve and persistent geopolitical turmoil in the Middle East
kept investors at bay.
The Nifty 50 was down 0.04% at 24,803.25 and the BSE
Sensex fell 0.05% to 81,403.94 as of 9:15 a.m. IST.
Nine of the 13 major sectors logged losses at the open. The
broader small-caps and mid-caps were
flat.
Broader Asian markets declined on the day, with the MSCI
Asia ex-Japan index slipping 1.1% after the Fed
left interest rates steady but signalled a slower path for rate
cuts, projecting two reductions by year-end.
Fed Chair Jerome Powell noted that goods inflation could
accelerate over the summer, partly driven by tariffs linked to
U.S. President Donald Trump's trade policies.
Geopolitical risks remain front and center.
The Israel-Iran conflict stretched into a seventh day, with
Iranian Supreme Leader Ayatollah Ali Khamenei rejecting Trump's
demand for unconditional surrender. In response, Trump said his
patience had run out and warned of unpredictable consequences.