Stock market today, April 16 -- The domestic benchmark indices, Nifty 50 and Sensex, were stable on Wednesday, maintaining their recent gains as strong local fundamentals and limited exposure to US trade allowed them to perform better than regional competitors.

As of 11:27 IST, the Nifty 50 and Sensex was flat to reach 23,330.85 and 76,714.48, respectively, after experiencing a rally of about 4% over the last two sessions.

Since April 2, when US President Donald Trump announced reciprocal tariffs, Indian benchmarks have outperformed their regional counterparts. Although the indexes remain flat compared to their levels on April 2, the MSCI's Asia ex-Japan index has decreased by roughly 5% and was down more than 1% on Wednesday.

Dr. VK V...