Synopsis : Indian markets opened flat but held steady around key levels, supported by midcap resilience and selective blue-chip strength. Investor focus is now sharply on the newly framed US-China trade pact that could redefine short-term sentiment.
Market Opens Flat But Stable: Nifty Holds 25,100 As US-China Trade Talks Wrap Up
On Wednesday, Indian equity markets kicked off the session on a tepid but steady note, tracking cautious optimism from global markets. The Nifty 50 opened slightly higher by 4 points at 25,108, while the Sensex gained just 6 points, starting the day at 82,397.
Despite the soft open, small and midcaps remained firm, signaling investor confidence in broader market strength. The Nifty Midcap 100 rose by 132 points, or 0.22%, at open, maintaining a positive trajectory.
Sector Snapshot
While the Bank Nifty lagged, falling 43 points to 56,585, other sectors like energy, auto, and IT showed early strength. Market expert VK Vijayakumar of Geojit Investments noted, “The market continues to consolidate with an upward bias, and a breakout above 25,100 could be triggered by positive momentum from the US-China trade narrative.”
Global Factor: US-China Trade Agreement in Sight
A major catalyst today is the conclusion of US-China trade talks in London. The discussions, lasting over 20 hours, resulted in both sides agreeing to a "framework" for future cooperation. US Commerce Secretary Howard Lutnick confirmed the agreement includes steps to implement the Geneva consensus, which previously paused aggressive tariff escalation.
The rare earths strategy from China and mutual reliance on semiconductor and automobile components seem to have played a key role in softening stances.
Top Gainers Leading the Charge
Among the early movers on the Nifty 50:
Reliance Industries
Coal India
M&M
ONGC
Bajaj Auto
Notably, Reliance, M&M, and Infosys also featured among the top traded stocks in morning action.
Stocks Under Pressure
Some notable laggards in the early trade included:
Shriram Finance
Jio Financial Services
Grasim Industries
Kotak Mahindra Bank
Bharat Electronics (BEL)
Profit booking and subdued sentiment in select financials kept pressure on these counters.
Outlook Ahead
The key level to watch remains Nifty 25,100, with a sustainable breakout above this likely dependent on large institutional buying. Market tone is expected to remain stock-specific in the short term with global macro events and FII flows taking center stage.
Disclaimer : This article is for informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any securities. Always consult a qualified financial advisor before making investment decisions.
