The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 22,960 level, a discount of nearly 12 points from the Nifty futures’ previous close.

IndusInd Bank (2.49%) was the major loser in the Nifty 50, followed by Trent (2.17%), BEL (1.89%), UltraTech Cement (1.80%), and M&M (1.80%). Meanwhile, NTPC, Tech Mahindra, Wipro, ONGC, and Apollo Hospitals were the top five gainers in the Nifty 50.

On the Sensex platform, NTPC, Tech M, and Kotak Mahindra Bank emerged as the gainers in the day. On the other hand, the laggards in the session included IndusInd Bank, UltraTech, M&M, and TCS.

Research at Hensex Securities, bulls are accumulating at lower levels, and we are witnessing the Nifty 50 and Sensex rebound from their current crucial support at 22,750 to 22,800 and 74,800, respectively.

The BSE Sensex closed at 75,967.39, down 29.47 points or 0.04 per cent from its previous close on Tuesday. NTPC, Zomato, Power Grid and Tech Mahindra were the top gainers.

The S&P BSE Sensex lost 458.91 points to 75,480.30, while the NSE Nifty50 shed 145.70 points to 22,783.55 as of 9:42 AM.

The 30-share BSE benchmark Sensex declined 29.47 points or 0.04 per cent to close at 75967.39. The NSE Nifty went up by 14.20 points or 0.06 per cent to close at 22945.30.

The BSE Sensex was trading at 75,613.32, down 383.54 points or 0.50 per cent. Nifty stood at 22,815.85, down 143.65 points or 0.63 per cent. Small and midcap (SMID) indices fell 1-2 per cent.