New Delhi, Jan 13 (TIWN) The 30-scrip Sensitive Index (Sensex) and broader 50-scrip Nifty on the National Stock Exchange traded largely steady in early trade on Thursday.

Powell is seeking a second four-year term as head of the Fed, and his appearance before the committee will be followed by a hearing with vice chair nominee Lael Brainard on Thursday. EUROSTOXX 50 futures rose 0.6% and FTSE futures gained 0.3%, indicating a firm open for European stock markets. Global markets have been on the edge for inflation risks but Hou Wey Fook, chief investment officer at DBS Bank, said he did not think inflation was in a "runaway situation".