Indian equity markets were trading flat on Wednesday, influenced by mixed global cues.

At 9:55 a.m., the Sensex was up by 21 points, or 0.02 percent, at 84,935, while the Nifty slipped 4 points, or 0.02 percent, to 25,934.

The early trading showed a positive trend, with 1,170 shares advancing and 1,155 declining on the National Stock Exchange (NSE). Midcap and smallcap stocks displayed a mixed performance, with the Nifty midcap 100 index down 200 points, or 0.33 percent, at 60,650, while the Nifty smallcap 100 index rose 34 points, or 0.18 percent, to 19,473.

Among sectoral indices, financial services, pharma, metals, media, energy, and infrastructure were the main gainers, whereas IT, PSU banks, FMCG, real estate, and consumption sectors faced losses.

In the Sensex pack, Power Grid, M&M, HDFC Bank, Maruti Suzuki, Tata Steel, ICICI Bank, L&T, and UltraTech Cement were the top performers. Conversely, Tech Mahindra, Asian Paints, HCL Tech, Wipro, JSW Steel, HUL, Tata Motors, and TCS were among the biggest losers.

Asian markets displayed mixed trading, with Tokyo, Shanghai, Hong Kong, and Bangkok in the green, while Seoul and Jakarta were in the red. US markets closed positively on Tuesday.

Market experts noted, “Chinese monetary stimulus measures boosted the Chinese and Hong Kong markets yesterday. If this rally continues, FIIs may redirect funds into these attractive markets. In India, metal stocks surged in response to these stimulus measures.”

They added that domestic liquidity remains a key driver of the Indian market’s resilience. For the Nifty to surpass and maintain a level above 26,000, support from the Bank Nifty will be essential, as there is significant momentum in this segment.

Foreign institutional investors (FIIs) sold equities worth ₹2,784 crore on September 24, while domestic institutional investors continued their buying spree, purchasing equities worth ₹3,868 crore on the same day.