Indian Markets Open Flat, Stay Rangebound in Early Trade
What Happened
Indian equity markets opened on a cautious-to-flat note today despite positive GIFT Nifty indications, as investors weighed persistent FPI selling, global uncertainties, inflation concerns, crude oil prices, and geopolitical developments. Sensex: 71,951.73, up 27 points (+0.03%) Nifty 50: 22,364.15, up 0.81 points (flat) Bank Nifty: 54,907.55, down 0.02% Nifty IT: up 1.08%, outperforming the broader market.
Key Takeaways
The market is currently trading near flat levels after a weak previous session. Domestic institutional buying is helping offset foreign outflows, while IT stocks are providing some support. Investor sentiment remains cautious amid global and commodity-related uncertainties.