After a strong start to the week, India’s stock market witnessed a flat opening, with the Sensex and Nifty indices easing off their recent gains; Tech giant TCS, however, bucked the trend, rising 1% in early trading.

The Indian stock market opened flat on Wednesday, with the Sensex and Nifty trading little changed after a recent rally. The S&P BSE Sensex was up 2 points at 41,553.44, while the Nifty was flat at 12,358.40. However, Tata Consultancy Services (TCS) gained 1% in early trade, supporting the market’s rise. The IT major was the top gainer, with a rise of 1.13% at 2,415.20. Other gainers included ICICI Bank, Axis Bank, and State Bank of India. The market had rallied over the past few days, driven by positive cues from global markets and macroeconomic data. However, the rise seemed to have lost steam, with many cues tightening in recent days. The country’s GDP growth figure for the second quarter is expected to be announced later in the day, which may also impact market sentiments. Meanwhile, Asian markets were mixed, with the US dollar holding steady against major currencies.