Indian Markets Open Flat Amid Global Volatility and Domestic Data Focus

In an early Wednesday session, India's stock markets witnessed a cautious start despite promising signals from US and Asian peers. The BSE Sensex dipped by 94 points to 81,457.61, while the Nifty 50 managed a modest gain, rising 6.30 points to 24,832.50.

Nifty FMCG led sectoral declines at the NSE, falling 1.22%, with Metal, Consumer Durables, and Auto sectors following. Conversely, Nifty IT increased by 0.5%, along with gains in Nifty PSU bank and Reality indices, each up by 0.3%. Market participants engaged in non-directional trading as monthly expiry loomed.

Market expert Ajay Bagga noted the volatility, linking it to global market movements post-Memorial Day and geopolitical tensions. Investors are eyeing crucial economic releases, including India's industrial production data and GDP figures, which are expected to influence market dynamics in the coming days.

(With inputs from agencies.)