Volatility gripped the Indian stock markets on Wednesday as both benchmark indices opened flat, reflecting cautious investor sentiment amid weak global cues.
The Nifty 50 index opened in the green at 25,918.10, rising 8.05 points (0.03 per cent), while the BSE Sensex began the session in the red at 84,643.78, down 29.24 points or 0.03 per cent.
In broader market indices on the NSE, Nifty 100 gained 0.04 per cent, Nifty Midcap 100 rose 0.02 per cent, and Nifty Smallcap 100 was up 0.02 per cent. Among sectoral indices, all opened in the green except Nifty FMCG and Nifty Realty. Nifty IT gained 0.24 per cent, Nifty Pharma rose 0.18 per cent, Nifty Auto added 0.06 per cent, and Nifty PSU Bank inched up 0.07 per cent.
In the IPO market, Tenneco Clean Air India is set to debut on the exchanges on Wednesday at an issue price of Rs 397 per share, after its public issue was subscribed 58.83 times.
Globally, AI-linked risk-off sentiment remained strong. US markets closed lower on Tuesday, with technology stocks facing significant pressure. Bitcoin briefly fell below USD 90,000, marking a 30 per cent drop from its October highs and turning negative for the year.
Asian markets too witnessed selling in technology and AI stocks early Wednesday.
(ANI)
