Mumbai (Maharashtra) [India], Stock markets opened on a cautious note on Wednesday, with both Sensex and Nifty starting the day in negative territory. The global slowdown signaled another disappointing day for Indian markets as investors remained cautious amid ongoing uncertainties. Sensex opened 192.45 points lower at 73,319.40, while Nifty started the day 68.95 points lower at 22,233.55. In early trade, 16 Nifty companies saw a rise, while 34 saw a decline. Notable gainers among Nifty companies included Coal India, BPCL, Maruti SBI and Reliance, while Dr Reddy, Asian Paints, Larsen & Toubro (LT) Hindustan Unilever, and HDFC Bank were among the top losers.Commenting on the market performance, banking and markets expert Ajay Bagga said, “The subdued global handover is pointing to another disappointing day in India markets. Volatility index VIX is at a 15-month high, rising The ECB for June highlighted the impact of foreign institutional investors (FII outflows and lack of strong catalysts, weak IT sector outlook and lack of provisioning on lenders) in the last month. Performance of European markets on rate CU expectations and rising fund flows into China “Continued FII outflows are contributing to the underperformance of Indian markets,” Bagga said. With Fed rate cuts in the last quarter of the year, US bond yields are providing good returns for US money market funds, which are seeing sustained inflows even at lifetime high AUM or more than US$6 trillion. With a weak earnings season, weak IT sector outlook and RBI's excess of provisioning on lenders, there is a lack of strong catalysts for Indian markets.Europe is performing well globally due to expectations of ECB rate cut for June. He further added, “It seems that China has bottomed out and fund flows into China are increasing. We are seeing a favorable risk reward tradeoff in Indian markets due to the recent negative price action in this week.” "There may be a small recovery." itself, but volatility related to June 4 decision will limit any initial euphoria, at least till June 1 exit polls Expected to move towards FMCG this week due to heavy volatility, FII selling, positive global lead Demand for Rura is expected to improve this year.In terms of Open Interest (OI) data, on the Call side the highest OI was noted at 22,500 followers and 22,600 strike price, while on the Put side, the highest OI is at 22,000 strike price. Technically, the trend has weakened as the index has fallen below the 21-DA exponential moving average (EMA), with a visible head and shoulders pattern on the hourly chart indicating a bearish formation, Varun Agarwal, Founder and Managing Director, Profit Idea, said, "On the global front, Asian stocks witnessed a mixed trend, with Japan witnessing declines while South Korea and Australia witnessed gains. US stock futures remained largely unchanged. China and the West Geopolitical tensions continued amid the U.S. revoking licenses allowing Huawei Technologies Co. to buy semiconductors from Qualcomm Inc. and Intel Corp. Despite these challenges, stocks around the world are trying to rebound after April's decline. Inspired by the possibilities of the Fed.Reserve rate cut and single earnings Indian stock markets opened on a cautious note, reflecting subdued global cues and ongoing uncertainties. Investors are closely watching developments domestically and internationally for further direction.