New Delhi, May 27 -- Indian benchmark indices opened flat on Wednesday amid cautious domestic sentiment, even as strong domestic institutional inflows continued to support the markets against persistent foreign portfolio investor (FPI) outflows and global uncertainties.

The BSE Sensex opened at 75,948.49, down 61.21 points or 0.08 per cent, while the NSE Nifty 50 slipped 35.60 points or 0.15 per cent to 23,878.10.

Banking and market expert Ajay Bagga said domestic institutional investors (DIIs) and retail SIP inflows have played a major role in stabilising Indian equities despite global headwinds.

"Despite heavy macro headwinds, developed-market equities--specifically in the US--remain resilient, though intraday volatility is rising. T...