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Sensex and Nifty opens flat amid strong economic cues and global support

Indian stock markets extended gains for the fifth day, with Sensex and Nifty trading higher amid firm global cues, low inflation, and robust economic fundamentals.

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Representational Image. File Pic

Representational Image. File Pic

Indian stock benchmarks traded largely steady with upward bias on Wednesday, extending gains for the fifth day, taking positive cues from strong economic fundamentals such as comfortable inflation levels, firm economic growth parameters. Firm global cues also lent support to the Indian stock indices.

At the time of filing this report, Sensex traded at 82,489.52 points, up 97.80 points or 0.12 per cent, and Nifty traded at 25,135.45 points, up 31.20 points or 0.12 per cent. 

Nifty auto, media, oil and gas were the top-moving sectoral indices, while PSU, private bank, and consumer durables slipped. International gold prices were trading at USD 3,360 per ounce, up 0.5 per cent. 

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