Stock market today: BSE Sensex opens flat; Nifty50 above 24,150

Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened flat in trade on Wednesday. While BSE Sensex was above 80,000, Nifty50 was near 24,180. At 9:17 AM, BSE Sensex was trading at 80,009.24, up 5 points or 0.065%. Nifty50 was at 24,186.70, down 8 points or 0.032%.

The domestic markets gave up initial gains on Tuesday following a two-day upward movement amid unfavourable global indicators. A positive development emerged as FIIs became purchasers after persistent selling across 38 trading sessions. However, experts indicate that a definitive shift in FII behaviour requires sustained buying patterns.

"Going ahead the market is likely to consolidate in a broader range in absence of any major trigger in near term, but stock/sector specific action is likely to continue," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal.

The current price movement indicates a temporary halt in the upward trajectory towards 24,770 – 24,800, says Jatin Gedia of Sharekhan. He suggests considering minor declines towards 24,070 – 24,050 as purchasing opportunities.

US equities finished higher on Tuesday, with technology shares recovering as investors evaluated Trump's trade policies and Federal Reserve minutes.

Read More: Here