Indian stocks open flat amid global tech selloff

Volatility gripped the Indian stock markets on Wednesday as both benchmark indices opened flat, reflecting cautious investor sentiment amid weak global cues.

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Experts noted that with the earnings season now complete, markets will look for direction from global trends and the possibility of a pre-Budget rally over the next ten weeks leading up to the Union Budget 2026 on February 1. The Nifty 50 index opened in the green at 25,918.10, rising 8.05 points (0.03 per cent), while the BSE Sensex began the session in the red at 84,643.78, down 29.24 points or 0.03 per cent. Market expert Ajay Bagga told ANI that Indian equities once again "flattered to deceive" during Tuesday's weekly expiry, which typically witnesses sharp swings. "Opening down, Indian stocks went up for most of the day before giving up most gains by the end of the day," he said. Bagga added that although Asian indices recovered on Wednesday with limited selling outside AIrelated names, overall market sentiment continues to remain weak. He further explained that pre-Budget consultations are underway, with various sectors presenting their demands to the Finance Ministry. However, lower-than-expected revenue realisation remains a concern. While the government has extended income tax and GST rebates to stimulate consumption, the absence of broad-based wage growth is restricting economic momentum. Bagga also pointed out that f