Sensex Today Updates: Sensex, Nifty flat in volatile trade; Reliance, Axis Bank top charts

Indian benchmark equity indices Sensex and Nifty were flat on Thursday amid caution. IT stocks are in focus ahead of earnings announcement by TCS and Infosys.

Investors await the release of Q3 results from the major IT companies later today, marking the beginning of the earnings season for the December quarter.

Sensex was at 71,620, while the Nifty was flat 21,620. The Indian rupee was flat at 83.03 per US dollar.

Asian shares rose on Thursday tailing Wall Street’s climb to a near-record high. Tokyo’s benchmark ended near its highest level since 1990.

European stock markets also gained following Asia and Wall Street, as investors awaited the release of US inflation data.

Bitcoin surged following the US regulator's approval of exchange-traded funds linked to the cryptocurrency.

US stock indices edged higher ahead of the inflation data that could provide clues on whether the Federal Reserve will begin cutting interest rates this year.