Indian stock markets opened flat on Wednesday as the indices started settling on the gains made in the last seven trading sessions. However, FPI inflows continue.
The Indian stock markets on Tuesday ended flat after witnessing a volatile session. The Indian stocks could not hold their continued upward movement in the trading session today.
The Indian stock markets extended their strong rally into the second consecutive week, buoyed by strong foreign inflows and a recovery in domestic economic indicators.
The BSE Sensex slipped 69.91 points, opening at 76,278.16, while the NSE Nifty declined 22.40 points, starting at 23,168.25. Despite the negative opening, market breadth remained mixed, with 31 Nifty companies advancing and 19 declining.
The BSE Sensex soared by 899.02 points, closing at 76,348.06, while the NSE Nifty climbed 283.05 points, ending at 23,190.65. The overall market breadth remained positive, with 44 Nifty companies advancing, four declining, and two remaining unchanged.
At the opening bell, the Sensex climbed 381.49 points to 75,830.54, while the Nifty gained 118.65 points, opening at 23,026.25. Market sentiment remained positive, with 41 out of 50 Nifty companies recording gains, while only 9 saw declines.