The Indian stock markets opened in the green on Wednesday, with the Nifty and Sensex both maintaining their previous strength, buoyed by easing tensions in the Middle East and positive sentiments in the global markets.
Indian stock market ended higher on Tuesday, with the BSE Sensex rising about 158 points and the Nifty 50 at National Stock Exchange (NSE) closing above the 25,000 mark.
Sensex closed at 81,896.79 points, down 511.38 points, or 0.62 per cent, while Nifty closed at 24,971.90 points or 140.50 points or 0.56 per cent. At one point, Sensex was about 1,000 points down but recovered later.
The Indian stock markets ended on a flat note on Wednesday, reflecting the uncertainties arising from the tensions in the Middle East and the US Federal Reserve's policy meeting later tonight.
The Indian equity indices ended on a negative note on Tuesday, experiencing moderate losses amid risk of escalation of conflicts in the Middle East ahead of the FOMC meeting.
Indian stock market recovered during the day trade from its opening, both Sensex and Nifty opens over 1.5 per cent down but closed at a little over 0.6 per cent down.
Indian stock benchmarks traded largely steady with upward bias on Wednesday, extending gains for the fifth day, taking positive cues from strong economic fundamentals such as comfortable inflation levels, firm economic growth parameters.
The Indian stock indices ended on a strong note and surged after the larger-than-expected policy rate cut, reflecting elevated optimism among the market participants on the last trading day of the week.
The market experts believe that the investors are buoyed by the hopes of developments in the India-US trade deal and a rate cut by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI).