Mumbai, April 16 -- The Indian stock markets opened flat on Wednesday amid negative global cues and developments in the US reciprocal tariffs.

At the opening of the trade today, the BSE Sensex stood at 76,615.29, down 119.60 points or 0.16 per cent, while the Nifty at the National Stock Exchange (NSE) was down 36.35 points or 0.16 per cent at 23,292.20.

Shriram Finance, IndusInd Bank, Apollo Hospitals, Kotak Mahindra Bank, and Axis Bank were the major gainers, while Infosys, Maruti Suzuki, Tech Mahindra, Tata Consumer, and Cipla were the losers.

"Yesterday's candle has formed a so-called 'hanging man' pattern, which shows that near-term gains may slow somewhat. Immediate support lies at 23207, while immediate resistance sits inside the...