Indian Stock Markets Open Flat as Sensex, Nifty Trade in Narrow Range

Indian stock markets opened flat on September 30, with the Sensex and Nifty swinging between marginal gains and losses during early trade, as sectoral indices showed slight upticks. The Nifty opened at 22,665.00 and the Sensex at 72,441.15, while the rupee opened at 95.95 to the dollar. Falling crude oil prices, with Brent below $104 per barrel, offered some support, though analysts noted IPO fundraising is draining secondary market liquidity. In the previous session, markets closed lower due to foreign investor outflows, high US Treasury yields, and volatile crude prices. Experts cited persistent FII outflows and expectations of further rate hikes as ongoing headwinds pressuring domestic equities.