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Traders monitor market trends amid volatility on Dalal Street (Img: Pinterest)
Mumbai: Indian equity markets remained volatile on Wednesday as benchmark indices Sensex and Nifty moved between gains and losses, with investors closely tracking global cues, crude oil prices and foreign fund flows.
The market sentiment stayed cautious after recent selling pressure, with investors looking for fresh triggers amid uncertainty in global markets. The previous sessions witnessed pressure on domestic equities due to concerns over rising oil prices, bond yields and foreign investor selling.
The BSE Sensex and NSE Nifty witnessed a mixed trend during early trading hours. While some stocks showed buying interest, broader market sentiment remained cautious as traders assessed global developments and domestic factors.
Market participants are also keeping an eye on institutional activity, with foreign investor outflows remaining a key concern for Indian equities.
Rising crude oil prices, elevated US bond yields and weakness in global markets have affected investor confidence in recent sessions. Analysts said these factors continue to influence market movement and may keep volatility high.
Asian market trends and US market performance are also being closely monitored by investors for further direction.
Several sectors witnessed selective buying, while some major stocks remained under pressure. In the previous session, pharma and metal stocks showed resilience, while technology and other sectors faced selling pressure.
Experts believe market movement in the coming sessions will depend on global developments, crude oil trends, foreign investment flows and upcoming economic indicators.
