Sensex trades flat, Nifty near 24,000 ahead of US Fed meet; IT pack shines

Benchmark indices Sensex and Nifty traded largely flat on Tuesday, while IT stocks advanced, led by Infosys, even as investors weighed a sharp sell-off in technology stocks across Asian and U.S. markets against a steep decline in oil prices amid growing optimism over a possible U.S.-Iran deal. Attention now turns to the U.S. Federal Reserve meeting, which begins later today. The 30-share Sensex traded above at 76,800, while the 50-share Nifty traded near the 24,000 level. On the Sensex, BEL, Power Grid Corp NTPC, SBI, HDFC Bank, and Bharti Airtel were the major laggards, falling up 3.5%. On the flipside,…