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Sensex, Nifty trade flat as market enters consolidation phase

After Tuesday’s marginal rally, Indian equity markets opened flat on Wednesday, entering a consolidation phase. Nifty rose 0.24 per cent while Sensex gained 0.08 per cent amid positive FII inflows, stable rupee and supportive global cues

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Representational image

Representational image

After a marginal bull run on Tuesday, the Indian stock market on Wednesday entered a consolidation phase. The recent rally driven by the India-US deal finally consolidated the indices, and the market opened flat. However, the indices did register modest gains amid returning foreign inflows.

As reported by news agency ANI, the Nifty 50 index opened at 25,997.45, gaining 62.30 points, or 0.24 per cent. The BSE Sensex began the session at 84,339.15, up by 65.23 points, or 0.08 per cent.

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