Stock Market Opening Bell: Sensex, Nifty open flat amid cautious trade; Tata Capital IPO closes today

Stock Market Opening Bell: Indian stock markets opened largely flat on Wednesday, mirroring a cautious mood across global peers, as investors stayed focused on individual stock action and a packed IPO calendar.

The BSE Sensex opened slightly lower at 81,899.51, slipping 27.24 points or 0.03 per cent, while the NSE Nifty50 began at 25,079.75, down 28.55 points or 0.11 per cent.

In early trade, both benchmarks recovered mildly — the Sensex was up 63 points at 81,990 and the Nifty50 gained 16 points to trade at 25,124, indicating a range-bound session so far.

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Broader market action remained subdued. The Nifty Midcap100 inched up 0.03 per cent, while the Nifty Smallcap100 was marginally higher by 0.06 per cent, reflecting selective participation outside the frontline stocks.

IPO buzz keeps Dalal Street busy

The primary market continues to remain active. In the mainboard segment, Tata Capital IPO enters its final day of subscription today. Meanwhile, shares of Advance Agrolife and Om Freight Forwarders are slated to debut on the bourses.

Additionally, the basis of allotment for WeWork India Management IPO is expected to be finalised later today.

In the SME space, a flurry of listings — including Valplast Technologies, Sheel Biotech, Infinity Infoway, Munish Forge, Sunsky Logistics, Chiraharit, and B.A.G. Convergence — are lined up. The NSB BPO Solutions IPO will also see its allotment basis announced soon.