The stock market opened flat as trading began on Wednesday. It had rallied right around its previous close. At 9:20 am, the benchmark BSE Sensex was down by 12.50 points or 0.02%, reaching 78,571.31.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,838 level, a premium of nearly 53 points from the Nifty futures’ previous close.