Indian stock market opens flat, buying seen in PSE stocks

Mumbai (The Uttam Hindu): The Indian stock market opened on a flat note on Wednesday, with buying interest seen in PSE, metal, energy and media stocks during early trade. At around 9:22 am, the Sensex was up 57 points at 85,582, while the Nifty gained 30 points to trade at 26,205.

In the Sensex pack, stocks such as Trent, NTPC, Bajaj Finance, Axis Bank, BEL, Kotak Mahindra Bank, Asian Paints, SBI, Tata Steel, Eternal (Zomato), Power Grid and Tata Steel were among the gainers. On the other hand, Infosys, Tech Mahindra, HCL Tech, TCS, HUL, Sun Pharma, HDFC Bank and M&M were trading in the red.

On a sectoral basis, PSU Bank, PSE, financial services, pharma, metal, media, realty and infra indices were in positive territory. Meanwhile, FMCG and IT stocks were under pressure.

Along with large-cap stocks, midcap and smallcap indices also showed strength. The Nifty Midcap 100 index rose 187 points or 0.31 percent to 61,003, while the Nifty Smallcap 100 index gained 89 points or 0.53 percent to 17,752.

Global markets remained largely positive. Tokyo, Shanghai, Hong Kong, Bangkok and Seoul were trading higher, while Jakarta was in the red. US markets closed in positive territory on Tuesday.

Market experts said that towards the end of 2025, markets are consolidating with an upward bias. Growth is expected to remain strong in the coming quarters, which could support overall economic expansion. Although foreign institutional investors (FIIs) are likely to continue selling, domestic institutional investors (DIIs) are expected to provide support through sustained buying.

In the commodity market, prices continued to rise. Gold gained 0.35 percent to $4,521 per ounce, while silver jumped 1.72 percent to $72.35 per ounce. Crude oil prices also moved higher, with WTI crude up 0.21 percent at $58.50 per barrel and Brent crude up 0.16 percent at $64.48 per barrel.