Indian benchmark indices opened lower on Wednesday, following the trend set by other Asian markets, as positive U.S. economic data raised expectations of fewer rate cuts from the Federal Reserve. The BSE Sensex was down by 150 points,

Highlights: Among the broader markets, small-cap shares outperformed others, with the Nifty Smallcap100 ending up 1.35 per cent

Equity benchmarks recovered from Monday’s sharp decline, with oil and gas stocks leading the gains after CLSA upgraded ONGC to “high conviction outperform.” The 30-share BSE Sensex rose 234.12 points or 0.30 per cent to close at 78,199.11, while the broader NSE Nifty 50 advanced 91.85 points or 0.39 per cent to end at 23,707.90.

The stock markets began the trading week on a muted note as indices slipped in the morning hours of the session. The BSE Sensex declined more than 100 points to reach 79,092.80 as of 9:53 AM, while the NSE Nifty50 fell a little over 60 points to touch 23,

BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Monday. While BSE Sensex was up over 100 points, Nifty50 was above 24,000.