Stock Market Opens Flat: Sensex Up 93 Points, Nifty Gains 17 Points  Stock Market Opens Flat: Sensex Up 93 Points, Nifty Gains 17 Points  

The stock market opens with a slight positive bias on Wednesday, August 28. The benchmark indices showed modest gains in early trading. At 09:20 AM, the S&P BSE Sensex was up 93 points, or 0.11%, at 81,804.91, while the NSE Nifty rose by 17 points to trade at 25,034.85.

In the broader market, the BSE SmallCap index gained 0.48%, reaching 56,340.68 levels, and the BSE MidCap index increased by 0.13% to 48,983.02. These gains indicated decent performance among second-rung stocks.

GMM Pfaudler surged over 8% among buzzing stocks after a significant block deal involving 41.2 lakh shares worth ₹557.3 crore. Krishna Institute of Medical Sciences (KIMS) traded flat despite a block deal of 15.7 lakh shares worth ₹392.1 crore. Wipro shares rose nearly 0.5% following its announcement to expand collaboration with Dell Technologies.

The market breadth favored the bulls, with 2,044 stocks advancing, 865 declining, and 121 remaining unchanged out of 3,030 stocks traded on the BSE.

On the global markets front, stocks remained near record highs, with attention on Nvidia’s results. Meanwhile, Japan’s Nikkei fell slightly, and oil prices dipped due to concerns about Chinese demand.