Indian Markets Open Flat with Sensex at 79,942 and Siemens Up 5%

Indian Equity Markets Open Flat with Siemens and M&M Driving Strong Performance Today and Sensex, Nifty50 Showing Small Shifts

Indian equity markets opened nearly flat on Wednesday, tracking mixed global trends. The Sensex edged lower by 62 points, trading at 79,942.21 while the Nifty50 was down by 29 points to 24,165.30 as of 9:30 AM. Select stocks were up while others fell, keeping the markets largely stable.

Siemens and M&M were the top gainers

Siemens shares rose 5%, reaching ₹7,614, after the company reported a healthy Q2 performance. It posted a 45.4% increase in consolidated net profit at ₹830.7 crore on the back of strong operational efficiencies. Mahindra & Mahindra (M&M) also performed well as its shares rose nearly 3% after it unveiled two new electric vehicles—the BE 6e and XEV 9e. These will help it increase its EV lineup and will begin delivery early next year.

Sector Performance

Power and industrial stocks were impressive. At 7,334.93, S&P BSE Power rose more than 1%. The Inds Index advanced 1% to 15,131.69. The mood in the wider market wasn't uniform, though. Overall, the midcap gained 0.04%. The small-cap, though, was on the gainers' list, moving up by 0.5%.

Overall Market Updates

Besides buzzing stocks, such as a 5% upper circuit for Zaggle Prepaid Ocean Services, after forging a partnership with Mastercard Technology, Adani Ports and Kotak Mahindra Bank helped Sensex gain while IndusInd Bank and Reliance Industries were the worst losers.

Global Markets

Global cues hurt investor sentiment as Asian markets opened weak. Japan's Nikkei lost 0.9% with autos having a lousy time of it as tariff issues, along with a firming yen, weighed on investors.

Uncertainty over a set of potential new US tariffs against major trade partners kept a lid on the better.

FII Activity

Foreign institutional investors continued their purchase of equities, adding ₹1,157.70 crore to Indian markets on Tuesday.