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Indian stock markets opened flat on Wednesday ahead of the much-awaited U.S. Federal Reserve meeting, even as Asian markets rallied on hopes of a rate cut.

The lack of strong corporate earnings growth at high market valuations has remained a restraining factor for Indian equities.

The Nifty 50 index opened at 25,982, up 45.80 points or 0.18 per cent, while the BSE Sensex started the session at 84,654.44, gaining 26.28 points or 0.03 per cent.

According to market expert Ajay Bagga, “Indian markets have had the best Nifty performance since June 2024, rising over 5 per cent in October.

FPI shorts have reduced from a massive 94 per cent to 80 per cent. Indian markets should surmount their all-time highs hit in September 2024 in November as per the market trajectory.

However,

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