Budget blues: Sensex, Nifty50 open lower
Business
Indian stock markets opened lower on Wednesday, with Nifty50 slipping 56 points to 25,671.95 and Sensex down 267 points at 83,472.11.
This follows a wild ride earlier in the week: a steep crash on Budget Day thanks to higher taxes on F&O trades, then a big rebound Tuesday.
Foreign funds poured in ₹5,236 crore on Tuesday
Tuesday's comeback happened because of a strong rally, plus foreign funds poured in ₹5,236 crore—restoring some confidence after the Budget shock.
Still, analysts say there could be small drops ahead as things settle.
Risks around the 25,000 level
Where markets go from here depends on how strong the rupee stays and whether India nails down a trade deal with the US.
Analysts point to risks around the 25,000 level.