Indian equities opened little changed in mid-week trading after futures cooled off from their opening highs. Asian equities are trading positive while Wall Street ended lower overnight, albeit on tepid volumes.
The S&P BSE Sensex opened 0.15% higher at 49,277 while the NSE Nifty 50 index opened 0.2% higher at 14,716.
Most sectoral indices have opened flat this morning. The Nifty Metal index is up 0.5% while the Pharma index has opened with gains of 0.4%. Pharma and Metal stocks were also the outperformers in Tuesday's trading session. The Nifty Metal index has opened higher for the eighth straight day.
Broader markets too have opened largely in-line with the benchmark indices. The Nifty Midcap and Smallcap indices have both opened with gains of 0.3% each.
1,058 stocks on the NSE have opened with gains while 467 are trading lower.