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Mumbai, 29 January. Indian stock market’s major indices Sensex and Nifty opened flat on Thursday amid weak global cues and ahead of the economic survey. The 30-share BSE Sensex opened at 82,367.21, up 22.53 points or 0.03 per cent from its previous closing price. Nifty opened 2.25 points or 0.01 percent higher at 25,345, however, within minutes of opening, the market fell and Nifty slipped below 25,300, while Sensex fell by about 200 points.

Till the time of writing the news, the 30-share BSE Sensex was trading at 81,897.36 with a fall of 447 points or 0.54 percent, while the Nifty was at 25,218.35 with a fall of 124 points or 0.49 percent. During this period, almost all the indices of Nifty were seen trading in the red mark. Nine out of 15 sectors on NSE were in the red. The biggest decline was recorded in Nifty IT and Nifty Auto, while the biggest rise was seen in Nifty Metal.

Broader markets were trading with gains, with the Nifty Smallcap 100 index rising 0.45 per cent, while the Nifty Midcap 100 index was up 0.06 per cent. Sector wise, Nifty Auto and IT indices recorded a decline of 0.76 percent and 0.77 percent respectively. At the same time, Nifty Realty and Oil & Gas indices saw a rise of 0.4 percent.

Investors in the country are waiting for the Economic Survey 2025-26, which Union Finance Minister Nirmala Sitharaman is going to present in Parliament today. Shares of L&T, Tata Steel, NTPC, Power Grid, SBI, Eternal and Axis Bank were among the top gainers in the Sensex pack. At the same time, Maruti Suzuki, Indigo, BEL, Asian Paints, HUL and Titan were among the stocks that suffered the most losses.

Choice Broking’s Research Analyst Hitesh Taylor said that at present there is caution in the market, although domestic technical indicators are still providing support to some extent. Further moves will largely depend on the condition of global markets, crude oil prices and buying and selling by institutional investors.

In the last trading session, Nifty50 showed a positive trend and remained above 25,300 in early trade. This rise was seen due to expectations to India-EU trade talks and better global signals. Strong buying is being seen above 25,200, while the level of 25,400 to 25,500 remains a big resistance for Nifty. If Nifty slips below 25,200, the pressure may increase again.

The expert further said that in view of the uncertainties created at the global level, investors are advised to adopt a selective and disciplined strategy. During downturns, focus on stocks with strong fundamentals. It would be better to create new long positions only after a strong and durable breakout in Nifty above 25,700.