Because of the reduced earnings forecast and ongoing FPI outflow, Indian stocks opened flat and continued to be under pressure.

Foreign portfolio investors' (FPIs') continuing selling pressure on stocks caused Indian stock markets to open weakly on Wednesday.

February 21 (ANI), Mumbai (Maharashtra) [India]: Foreign portfolio investors' (FPIs') continuing selling pressure on stocks caused Indian stock markets to open weakly on Wednesday.

The BSE Sensex opened at 75,612.61, down 123.35 points, or 0.16 percent, while the benchmark Nifty 50 index began the day at 22,857.20, down 55.95 points, or 0.24 percent.

According to market analysts, the Indian indexes are still under pressure because of a weak earnings outlook and ongoing FPI selling, even if they have managed to hold important support levels.

In order to predict future movement, investors are also monitoring both domestic and international market patterns.

Ajay Bagga, a banking and market expert, told ANI that Walmart's poor forecast and concerns about how the Trump tariffs will affect mood and inflation caused the US markets to plummet. The 4% inflation rate in Japan has paved the way for additional rate hikes by the Bank of Japan, which has caused the yen to strengthen and Japanese treasury yields to rise. Indian markets have defended important support levels, but they continue to face difficulties due to the weak earnings outlook and ongoing selling pressure from FPIs. We remain apprehensive about the future for Indian markets and anticipate that this narrow range will persist.

A mixed trend was seen in the National Stock Exchange's (NSE) sectoral indices. Early trading saw gains for Nifty Media, Nifty Metal, Nifty Pharma, and Nifty PSU Bank, suggesting that some areas saw buying interest.

However, there were drops in key industries including Nifty Bank, Nifty Auto, Nifty FMCG, and Nifty IT, which affected the mood of the market as a whole.

The market breadth for the Nifty 50 stocks was rather negative, with 22 equities beginning the day in the green and 28 stocks opening in the red.

In order to predict the direction of the market in the upcoming sessions, investors will be keenly monitoring any new developments, particularly FII activity and global cues.

In contrast, a generally positive trend was observed in other Asian economies. Taiwan's Weighted Index increased by 0.91 percent, while Hong Kong's Hang Seng index jumped by almost 2.68 percent. Additionally, Japan's Nikkei 225 index increased by 0.11 percent. At the time this story was filed, however, South Korea's KOSPI was flat. (ANI)