Domestic equity benchmark indices traded flat in early trade on Wednesday as global markets slowed due to U.S.-China trade tensions. After two days of sharp rally, the 30-share BSE benchmark Sensex fell 165.3 points to 76,569.59, while the NSE's index of top 50 stocks, the Nifty50, fell 51.55 points to 23,277.

Top losers:  Among Sensex firms, Maruti, NTPC, Sun Pharma, Reliance, Tata Steel and Infosys were the biggest gainers.

Top gainers:  IndusInd Bank, State Bank of India Axis Bank and Kotak Mahindra Bank gained from the Sensex pack.

International markets: South Korea’s Kospi Index, Tokyo’s Nikkei 225, Shanghai SSE Composite Index and Hong Kong’s Hang Seng are undervalued in Asian markets. U.S. markets ended in the red on Tuesday.

Foreign institutional investors turned buyers after selling for several days, buying equities worth Rs 6,065.78 crore on Tuesday, according to exchange data.

Brent crude, the global benchmark, fell 0.23 per cent to $64.52 a barrel.

The BSE benchmark 'Sensex' rose 1,577.63 points, or 2.10 per cent, to 76,734.89, rallying for the second consecutive session on Tuesday. Meanwhile, the Nifty settled rising 500 points or 2.19 per cent to 23,328.55.

Rupee Appreciates 26 Paisa

The rupee was steady in early trade on Wednesday, up 26 paise to close at 85.54 against the US dollar. In interbank forex, the domestic unit opened strongly at 85.66 and traded at 85.54 against the greenback in early contract, 26p higher than the previous close. The stock rose 30 paise to close at 85.80 against the dollar in Tuesday's session. The stock had gained 58 paise in the previous session on Friday.

Also Read: Labour Ministry Join Hands With Swiggy To Boost Gig, Logistics Jobs