Indian markets open flat after Tuesday’s sharp rally; IT stocks stay firm
What Happened
Indian equities opened largely flat on October 14. The Sensex opened at 73,049.76, up 15.98 points, while the Nifty 50 opened 6.20 points lower at 22,715.75. IT stocks remained strong, with TCS, HCL Technologies, Infosys and Tech Mahindra among early gainers.
Key Takeaways
The market is consolidating after Tuesday’s strong rally. Early sentiment remains cautious as elevated crude oil prices and continued foreign investor selling weigh on the market, while strength in IT stocks provides support. FIIs sold ₹1,305.13 crore of equities on October 13, while DIIs bought ₹2,439.24 crore.