Synopsis : Indian markets remained cautious on Wednesday, with Sensex falling 100 points and Nifty below 23,400 amid muted trading ahead of the RBI’s policy announcement. Midcap and smallcap indices showed resilience, while sectoral trends were mixed.
The Indian stock market saw limited action on Wednesday as traders stayed on the sidelines ahead of the Reserve Bank of India’s Monetary Policy Committee meeting scheduled for Friday. By 1:00 PM, the Nifty50 inched up 7.55 points or 0.03% to 23,416.20, and the Sensex rose slightly by 6.67 points or 0.01% to 74,352.84, reflecting a narrow trading range.
In the broader market, the Nifty MidCap gained 0.67% and the Nifty SmallCap rose 0.57%. Sectoral performance was mixed: Nifty IT, Nifty Realty, and Nifty Private Bank lagged, while Nifty Consumer Durables, Nifty Oil & Gas, and Nifty Chemical outperformed. Eternal and Coal India were the top gainers of the day, providing pockets of strength.
Global developments kept investors cautious. Iran struck Kuwait International Airport early Wednesday, following US interception of multiple ballistic missiles and defensive strikes at Qeshm Island. US President Donald Trump stated that Iran agreed not to pursue nuclear weapons, while Israel and Lebanon may observe a ceasefire if Hezbollah halts actions.
In the IPO space, CMR Green Technologies enters its second day of subscription, aiming to raise ₹630.88 crore at ₹192 per share, with a lot size of 78 shares. Vahh Chemicals and UHM Vacation IPOs open on Thursday, collectively valued at ₹49.47 crore.
Investors are advised to track the RBI policy outcome and global geopolitical cues, which may shape market sentiment in the coming days.
Disclaimer : This article is for informational purposes only and should not be considered financial or investment advice. Investors should perform their own research before making any investment decisions.
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