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Indian stock markets opened on a subdued note on Wednesday, July 16, amid mixed global cues and cautious investor sentiment. The BSE Sensex slipped 40.22 points, or 0.05 per cent, to start the day at 82,530.69, while the NSE Nifty50 opened 29.25 points lower, down 0.12 per cent, at 25,166.55. Early market weakness was attributed to profit booking after recent gains and tepid cues from global markets. Investors are expected to remain watchful ahead of key corporate earnings and macroeconomic data in the coming sessions. Around 1,271 stocks advanced, 818 declined, and 171 remained unchanged in early trade.

On the Nifty, notable gainers included SBI Life Insurance, Trent, Tech Mahindra, Hero MotoCorp, and Tata Consumer. Meanwhile, Shriram Finance, Cipla, Hindalco, Reliance Industries, and TCS were among the top losers.

In the previous trading session, Indian stock markets staged a strong rebound on Tuesday, with major indices closing higher for the day. The BSE Sensex rose by 317.45 points (0.39 per cent) to finish at 82,570.91, while the NSE Nifty50 gained 113.50 points (0.45 per cent) to close at 25,195.80. A broad-based rally across sectors boosted overall sentiment, with notable gains in banking, auto, and FMCG stocks fueling the upward trend. Positive global cues and continued domestic investor confidence supported the market's momentum. On the broader market, about 2,475 stocks advanced, 1,422 declined, and 148 remained unchanged.

(more to come)