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Indian stocks open flat, waiting for outcome of Modi-Trump talks on trade and tariffs

MUMBAI: Indian stock markets opened flat on Thursday, reversing the selling trend witnessed earlier on Wednesday, as the markets are in a wait-and-watch mode on PM Modi's US visit.

The Nifty 50 index opened at 23,055.75 points with a gain of 10.50 points or 0.05 per cent, while the BSE Sensex index opened at 76,201.10 with a gain of 30.02 points or 0.04 per cent.

In the sectoral indices on NSE, except Nifty Bank, Nifty FMCG, and Nifty Metal, all other indices opened with marginal gains.

Experts noted that the markets are waiting for any trade outcome from PM Modi's US visit, and the Trump-Putin conversation over the phone has helped to improve sentiment. However, Indian markets remain under pressure due to sustained FII selling.

 

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