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.
At the end of the trading session, the Nifty 50 of the National Stock Exchange (NSE) stood at 23,350.40, up about 159 points or 0.69 per cent. The Sensex at BSE was up 557.45 points or 0.73 per cent at 76,905.51.
The panic in the Indian equity markets is expected to continue despite low volatility in the past few months of trading, said Nuvama in its recent report.
Indian stock markets continue to follow the trends of previous session on Wednesday and ended flat in the volatile session, as investor's sentiment impacted by the concerns such as overvaluation, threats of tariff war, and currency depreciation.
The U.S. stock markets continued to decline on Tuesday after President Donald Trump announced additional tariffs on steel and aluminum imports from Canada.
Indian stock markets during the day on Tuesday witnessed a high volatile session and ended flat, witnessing a trend of buying at low by the market participants.
Indian stock markets declined sharply during the opening session on Tuesday following the strong sell-off in U.S. markets, reacting to the "Trump Uncertainty Discount" that is affecting global supply chains.