Synopsis: Indian markets kicked off Wednesday’s session on a strong note, buoyed by positive global sentiment. The Sensex surged 243 points while the Nifty climbed 79 points, signaling renewed optimism among investors.
Indian stock markets opened higher on Wednesday, mirroring upbeat global cues and improved investor sentiment. The BSE Sensex rose 243 points (0.30%) to trade at 82,273, while the NSE Nifty gained 79 points (0.31%), opening at 25,225.
Analysts noted that the 20-day Simple Moving Average (SMA) provided support during Tuesday’s dip, but a bearish engulfing pattern continues to indicate a cautious tone. Experts added that a sustained move above 25,230–25,330 could signal stronger upside momentum for the Nifty.
Early market gains were led by heavyweight stocks like Bajaj Finserv, Bajaj Finance, NTPC, L&T, Power Grid, BEL, Bharti Airtel, Trent, and Asian Paints, all of which advanced up to 1.2%.
Meanwhile, Tech Mahindra, Axis Bank, Infosys, and Titan Company witnessed mild profit-booking, slipping up to 1.2% in early trade.
In the broader market, the Nifty MidCap index rose 0.38%, while the Nifty SmallCap index gained 0.20%, reflecting positive investor appetite beyond blue-chip stocks.
Among sectoral indices, Nifty IT and Financial Services both added 0.6%, while PSU Bank and Realty indices also traded higher — pointing toward a broad-based market recovery.
Experts advised traders to stay cautious amid continued volatility. “A buy-on-dips approach can work well, but traders should maintain tight stop-losses and book partial profits during rallies,” analysts said.
They further noted that fresh long positions should only be considered if the Nifty sustains above the 25,300 mark, while tracking global trends, crude oil prices, and institutional flows for further cues.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Market investments are subject to risks; investors should consult certified financial advisors before making any trading or investment decisions.
