India`s stock benchmarks off to a muted start amid Asia weakness

India's equity benchmarks opened flat on Wednesday, pausing after two sessions of gains that were driven by optimism over tax cuts, while Asian shares tracked a tech sell-off on Wall Street ahead of the Federal Reserve's annual Jackson Hole conference.
The Nifty 50 was down 0.06% at 24,965.8 points and the BSE Sensex gained 0.03% to 81,671.47, as of 9:15 a.m. IST.
Ten of the 16 major sectors declined, although the losses were marginal. The broader small-caps rose 0.2% while mid-caps traded flat.
Asian markets slipped, with the MSCI Asia ex-Japan (.MIAPJ0000PUS) losing 1.2%, following declines in U.S. equities as investors ditched high-flying tech stocks with lofty valuations, an analyst said.
Meanwhile, investors are awaiting the Fed's annual symposium in Jackson Hole, Wyoming, from August 21-23. Most investors expect a 25-basis-point rate cut next month, but tariff concerns are keeping markets cautious.

Sumber : Reuters