Synopsis : Indian stock markets began Wednesday’s trade with upbeat momentum, powered by gains in BEL, PowerGrid, and banking heavyweights. Positive global cues and lower CPI readings are bolstering investor sentiment amid a busy earnings week.
Indian equities kicked off Wednesday’s session on a positive note, with the Sensex opening at 80,525.07, up 0.36%, and the Nifty starting at 24,583.75, gaining 0.39%. Bank Nifty also gained early traction, opening at 55,229.60, up 0.34%.
Top Movers:
Among Sensex constituents, Kotak Bank, Bajaj Finserv, PowerGrid, and Tata Motors emerged as early leaders. In contrast, Maruti, Trent, ICICI Bank, and Sun Pharma faced selling pressure.
Earnings in Focus:
Investors are eyeing quarterly results from IT giants Tata Consultancy Services, Wipro, and Infosys, as well as banking majors HDFC Bank, ICICI Bank, and SBI. Beyond the frontline, notable earnings will come from BPCL, Max Healthcare, Muthoot Finance, Samvardhana Motherson International, United Spirits, Vishal Mega Mart, and Fertilisers and Chemicals Travancore.
Stocks to Watch:
NSDL, NMDC, Jindal Steel, Cochin Shipyard, Suzlon Energy, HAL, and Vodafone Idea are expected to be in the spotlight owing to fresh corporate developments.
Market Outlook:
According to market experts, positive cues from India’s softer CPI data, steady US inflation, and a 90-day extension of Trump’s tariff suspension have lifted sentiment. The probability of a US Fed rate cut in September has climbed to 93%. However, volatility may persist amid FII net outflows of Rs 3,399 crore yesterday, and global investors are keeping an eye on Friday’s Trump–Putin summit for geopolitical direction.
Technical View:
The Nifty faced resistance near the 24,700 mark before reversing over 225 points from its intraday high. Analysts suggest level-based trading as the market lacks a clear trend. Immediate resistance is at 24,570; a break above could take the index to 24,700–24,775. On the downside, falling below 24,400 may open the path to 24,350 or 24,250.
Disclaimer : This article is for informational purposes only and should not be considered financial advice. Please consult a qualified financial advisor before making investment decisions.
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