(Photo : BT Creative)

• The Indian stock market opened flat on Tuesday, with gains in various sectors.
• Market dynamics are influenced by Foreign Institutional Investors' selling and Domestic Institutional Investors' buying.
• The Nifty remains volatile, caught between resistance and support levels.
• The market's resilience is attributed to the strength of the Indian economy and robust financial institutions.

The Indian stock market opened flat on Tuesday, with buying seen in realty, media, IT, PSU bank, financial services, and pharma sectors in early trade. The Sensex was trading at 79,584.29 after rising 88.14 points or 0.11 per cent, while the Nifty was trading at 24,172.95 after rising 31.65 points or 0.13 per cent. The market trend remained positive, with 1,525 stocks trading in green on the National Stock Exchange (NSE), while 651 stocks were trading in red.

The Nifty Bank was at 52,933.60 after rising 56.85 points or 0.11 per cent. The Nifty Midcap 100 index was trading at 56,230.10 after gaining 376.35 points or 0.67 per cent, while the Nifty Small cap 100 index was at 18,352.55 after gaining 127.40 points or 0.70 per cent.

Bharti Airtel, ICICI Bank, Tata Steel, Sun Pharma, Axis Bank, HCL Tech, Power Grid, Tata Motors, and Infosys were the top gainers in the Sensex pack. On the other hand, Asian Paints, M&M, HDFC Bank, Maruti, Nestle India, and IndusInd Bank were the top losers.

Market Dynamics and Key Players

Market experts have identified two strong factors at play in this consolidating market. The relentless selling by Foreign Institutional Investors (FIIs) has been favouring the bears and pulling the market down, while the sustained buying by Domestic Institutional Investors (DIIs) has been supporting the market, preventing a crash.

The Nifty remains caught in no-man's land between resistance at 24,360 and support at 24,000, which is in tune with how the market has been volatile but "has not been able to trend in either direction since the October 25 lows near 24,073", said Akshay Chinchalkar, Head of Research at Axis Securities.

Asian markets showed mixed performances in early trade as investors remain wary. Meanwhile, in the US, Wall Street's key indexes surged to record highs on Monday, buoyed by stocks expected to benefit from President-elect Donald Trump 's proposed fiscal policies.

Global Influence and Market Resilience

In Asian markets, except Jakarta, the markets of Shanghai, Tokyo, Seoul, Bangkok, and Hong Kong were trading in red. US stock markets closed in green on the previous trading day. FIIs sold equities worth Rs 2,306 crore on November 11, while DIIs bought equities worth Rs 2,026 crore on the same day. This trend of FIIs selling and DIIs buying has been a significant factor in the market's performance.

Looking back at historical events, the Indian stock market has often shown resilience in the face of global economic uncertainties. For instance, during the 2008 global financial crisis, the Indian market was one of the first to recover, thanks to robust domestic demand and prudent regulatory measures. Similarly, during the Eurozone crisis in 2011-12, the Indian market managed to stay afloat due to strong domestic institutional buying.