Markets slip in red; Nifty trades below 9,600 ahead of Fed outcome

The S&P BSE Midcap was little changed, while the S&P BSE Smallcap (0.2%) gained marginally

The benchmark indices were trading flat on Wednesday taking lead from mixed trend in Asian markets after Wall Street notched another all-time high ahead of US Federal Reserve's policy outcome. 

At 11:34 am, the S&P BSE Sensex was trading at 31,056, down 47 points, while the broader Nifty50 was ruling at 9,581, down 25 points. 

In the broader market, the S&P BSE Midcap and S&P BSE Smallcap indices lost 0.5% and 0.2%, respectively.

"We reiterate advising booking profits once the Nifty approaches the resistance zone of 9,700-9,720 levels. For the today's session, 9,580 would be seen as immediate strong