Indian stocks opened largely steady on Wednesday, but volatility seems to have remained. At the time of writing this report, the benchmark indices Sensex and Nifty were about 0.1 per cent lower each.
The subdued market sentiment is due to the possibility of slowing global economic growth this year and the latest pulling out of funds by foreign portfolio investors (FPIs) from Indian stocks.
The 30-share Sensex surged 170 points to 61,237.54 while NSE Nifty50 went up 43 points to 18,243 level. Investors are upbeat about strong global markets and key indices which are all looking up on Thursday.
At 9.47 am, Sensex traded at 61,235.72 points, up 90.88 points or 0.15 per cent, whereas Nifty traded at 18,180.70 points, up 20.75 points or 0.11 per cent.