Indian stock markets began Wednesday’s session on a quiet note. The Sensex opened almost unchanged, rising only about a dozen points near the 85,150 level. The Nifty, however, slipped slightly at the start and opened just above 26,000 before easing further.
The mood was cautious right from the opening bell. Several big companies such as HUL, Titan, BEL, NTPC and Tata Motors (passenger vehicles) came under early selling pressure, pulling the market down.
At the same time, some support came from information technology and banking stocks. Shares of TCS, Infosys, Tech Mahindra and ICICI Bank were among the early gainers, helping prevent a steeper fall.
The flat opening reflects the wait-and-watch approach among traders ahead of the Reserve Bank of India’s policy meeting this week. With no major triggers early in the day, investors preferred to stay on the sidelines and trade carefully.
Overall, the morning trade showed mixed signals, weakness in consumer and PSU stocks, but some strength in IT and banking, keeping the market steady but muted.
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