Indian equity benchmarks opened steady on Wednesday, with the Sensex oscillating near 62,500 and the Nifty hovering around 18,600 amid cautious sentiment. Profit booking in banking and IT stocks kept gains in check, while global markets showed mixed trends following trade talks and weak Chinese data. Broader indices underperformed as midcaps slipped marginally. Analysts said investors are taking a wait-and-watch approach ahead of upcoming inflation data and global policy updates that could influence near-term market direction.