India’s Mumbai (Maharashtra), Due to investors’ cautious reaction to the start of the fourth-quarter results season and poor global signals, Indian stock markets began Thursday flat. Early in the day, there were slight drops in both benchmark indexes.

The BSE Sensex began the day at 76,968.02, down 76.27 points, or 0.10 percent, while the Nifty 50 index opened at 23,401.85, down 35.35 points, or 0.15 percent.

According to market analysts, persistent worries over tariffs imposed by US President Donald Trump are still putting pressure on investor morale. The market’s cautious mood was further heightened by recent remarks made by US Federal Reserve Chair Jerome Powell on the substantial effects of tariffs on the world economy.

The Indian markets’ outstanding performance is the week’s biggest story, according to Ajay Bagga Banking and Market, with FPI flows turning positive over the last two days. While internationally connected industries like IT have faltered, financials have led the charge along predicted lines. Following negative chip manufacturer news and Fed Chair Powell’s direct remarks acknowledging the unclear but far greater economic effect of Trump tariffs, US markets ended the day down.

He went on to say, “The market week is over today since the shortened week is ended by the Good Friday holiday. Markets continue to be influenced by increased volatility and erratic movements in either direction as we approach the Easter holiday.

Today’s emphasis is on a number of important firms’ fourth-quarter reports. Among the companies revealing their results today are Infosys, HDFC Life Insurance Company, Jio Financial Services, HDFC Asset Management Company, Tata Elxsi, and Mahindra EPC Irrigation. These reports are being keenly watched by investors who are looking for clues about the market’s future course.

The majority of sectoral indicators started the day down. All other sectors, with the exception of Nifty Pharma, Nifty PSU Bank, and Nifty Realty, continued to face pressure. A substantial sell-off in technology companies was reflected in the 0.89 percent decrease in Nifty Auto and the more than 2 percent decline in Nifty IT.

“The nifty gained yesterday after holding above immediate support defined by Tuesday’s Hanging Man candle low of 23207,” said Akshay Chinchalkar, Head of Research at Axis Securities. Having said that, the index is now testing a region that covers the 23475–23600 zone and is delineated by a significant Fibonacci resistance level and the declining trendline that started with the record high and went through the March highs of 23869. Bulls can take heart from yesterday’s closing, which was also above the 100-day moving average.

Market players are anticipated to continue being cautious and stock-specific in the next sessions as earnings season gets started.