India stock benchmarks open flat; US-Russia talks eyed
The Nifty 50 (.NSEI), opens new tab fell 0.12% to 24,648.35 points and the BSE Sensex (.BSESN), opens new tab gained 0.11% to 80,629.19, as of 9:19 a.m. IST.
Ten of the 16 major sectors advanced, but the gains were marginal. The broader small-caps (.NIFSMCP100), opens new tab and mid-caps (.NIFMDCP100), opens new tab rose about 0.4% each.
MSCI's broader index for Asia-Pacific stocks outside Japan (.MIAPJ0000PUS), opens new tab traded flat, after jumping in the previous session on prospects of a Federal Reserve rate cut next month.
U.S. President Donald Trump and his Russian counterpart, Vladimir Putin, will discuss a possible deal to end the war in Ukraine when they meet on Friday in Alaska.
The talks are being closely watched by market participants in India after Washington imposed an additional 25% tariff on Indian goods over New Delhi's Russian oil imports. Positive U.S.-Russia talks could help ease U.S.-India trade tensions, according to multiple analysts.
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