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Nifty and Sensex open flat as market awaits key economic data

On the National Stock Exchange, the Nifty Metal index led advances with a 0.84 per cent increase in the opening session, while the Nifty Bank, Nifty Auto, and Nifty IT indices fell slightly. In the Nifty 50, 23 stocks opened higher, while 18 dropped.

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Representative image

Representative image

Indian stock markets opened flat on Wednesday, with the Nifty 50 and BSE Sensex falling slightly as their monthly and quarterly expiry dates approached. Despite this, many believe the markets are still in a long-term bull period. The Nifty 50 index opened at 25,899.45 points, down 40.95 points (0.16 per cent), while the BSE Sensex opened at 84,836.45 points, down 77 points (0.09 per cent), reported ANI. 

Ajay Bagga, a banking and market expert, noted, "Given the monthly/quarterly expiry on Thursday, we expect the markets in India to be volatile and flat as the September series ends with indices near or at all-time highs. The next key market drivers will be the US PCE data on Friday and the September US jobs report on 4th October. Additionally, the RBI's monetary policy decision on 9th October will be crucial for the future trajectory of Indian markets. We advise staying fully invested and buying on dips, as we foresee a decades-long bull market in India."

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