Indian stock markets opened flat on Thursday amid selling pressure in other Asian markets. However, a buying trend was observed due to the return of foreign investors.
The Nifty 50 index opened at 23,411.80 points with a gain of 61.90 points or 0.27 per cent, while the BSE Sensex index opened at 77,349.74 points with a gain of 193.95 points or 0.25 per cent.
The Sensex dropped 377.73 points to 79,164.55 at opening, while the Nifty declined by 121.30 points to 24,078.05. With only eight companies advancing and forty-two in decline within the Nifty 50, the market reflected broad-based pressure, as sectors across the board saw a pullback.
Indian stock markets opened flat amid a buying and selling trend by domestic investors and Foreign Institutional Investors (FIIs). The continuous selling by FIIs and buying support from Domestic Institutional Investors (DIIs) have shifted markets into a balanced mode.
The selling pressure continues in the Indian markets on Wednesday for the third consecutive day this week as the bears continuously pull the indices down.
The Nifty 50 index opened with a marginal gain of 0.22 per cent or 56.10 points at 25,027.40 points, while the BSE Sensex index opened with a gain of 0.31 per cent at 81,758.07 points, gaining 256.71 points.