Indian Market Today: Flat Start After Yesterday’s Selloff
What Happened
Indian equities opened cautiously on Thursday after Wednesday's sharp decline. In early trade, the Sensex hovered around 74,750-74,780, while the Nifty 50 traded near 23,425-23,450, showing little change from the previous close. Bank stocks provided support, while auto shares remained under pressure. Current Status (around 9:40 AM IST) Sensex: ~74,747 (-0.02%) to +0.01% range Nifty 50: ~23,425 (-0.03%) Nifty Bank: +0.3% gain, outperforming broader market
Key Takeaways
After yesterday's oil-driven selloff, the market is attempting to stabilize. Banking stocks are helping sentiment, but elevated crude prices and Middle East tensions continue to limit upside. Investors are watching whether Nifty can hold above the 23,400 level.