Indian bourses start the day on a flat note, as the momentum from the previous session’s rally slows down; however, Tata Consultancy Services (TCS) manages to buck the trend and rise 1% amidst early morning trades.

The Indian stock market opened flat on [date] as the recent rally lost steam. The S&P BSE Sensex and Nifty50 index were down by 0.05% and 0.15%, respectively. Market observers attributed the decline to profit-taking and a lack of significant triggers to keep the market momentum going. However, IT major TCS, India’s most valuable company by market capitalization, gained 1% and was a major gainer in the early trade. The Indian rupee also strengthened against the US dollar, appreciating by 0.15%. Gains in TCS were attributed to its robust quarterly results, which showed a 14.8% year-on-year growth in net sales. Other top gainers included Infosys and HCL Technologies. In the broader market, small-cap and mid-cap stocks witnessed some profit-booking, which contributed to the decline. However, the market is expected to remain range-bound, awaiting cues from global events, including the US Federal Reserve’s interest rate decision and the ongoing US-China trade tension.