Sensex, Nifty50 start steady on Wednesday amid global tensions
The Indian stock market started Wednesday pretty steady, with the Nifty50 just above 24,250 after a strong rally on Tuesday.
Investors seem cautious following recent global tensions and are waiting for more cues.
Domestic investors step in to offset foreign fund outflows
Even though foreign investors pulled out over ₹4,600 crore yesterday, domestic investors stepped up with bigger buys, helping keep the market stable.
Sectors like pharma, telecom, autos, and defense are holding strong despite the ups and downs.
Oil prices drop below $88 a barrel
Big banks are catching long-term interest after recent selloffs.
Oil prices have dropped below $88 a barrel, which is good news for inflation worries.
For now, experts think markets will stay in this range until key US economic data comes out, so it's a bit of a "wait and watch" vibe for anyone looking to invest.