Markets Break Away From Rally, Sensex, Nifty Open Marginally Lower
On the 30-share Sensex, Titan, Infosys, Asian Paints, Airtel, and Bajaj Finance emerged among the gainers. Meanwhile, the laggards included Tata Motors, Sun Pharma, UltraTech Cement, and BEL.
The Indian markets gave mixed signals, with both benchmarks beginning on a flat note on Wednesday. The BSE Sensex rang the opening bell near 81,900, inching down 3 points, while the NSE Nifty50 started the day nearly flat, just over 25,100, around 9:15 AM.
Notably, in the pre-open session, the Sensex slipped 27 points to breach 81,900, while the Nifty stood below 25,100, around 9:09 AM.
However, as trading progressed, both the indices started rallying ahead. On the 30-share Sensex, Titan, Infosys, Asian Paints, Bharti Airtel, and Bajaj Finance emerged among the gainers. Meanwhile, the laggards included Tata Motors, Sun Pharma, UltraTech Cement, PowerGrid, and BEL.
In the broader markets, majority of the indices traded in green, with the Nifty Microcap250 leading after it jumped 0.25 per cent. Sectorally, the IT index stood out with gains of more than 1 per cent, while the Realty index bled 0.52 per cent.
Foreign Funds And Global Markets
Foreign Institutional Investors (FIIs) turned net buyers on Tuesday, pumping Rs 1,440.66 crore into Indian equities, according to the latest exchange data. The move comes amid a mild market rally, with institutional support lending momentum to trading activity.
“FIIs turning buyers yesterday is a positive development. However, it is too early to conclude that this trend will sustain,” said VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited.
In Asia, Japan’s Nikkei 225 edged higher, while Hong Kong’s Hang Seng slipped during early trading. Markets in China and South Korea remained closed for holidays.
Across the Atlantic, US indices ended lower on Tuesday, reflecting a cautious global trading environment.
Meanwhile, the global oil benchmark, Brent crude, rose 0.78 per cent to trade at $65.96 per barrel, supporting energy-linked stocks in Indian markets. Analysts noted that continued FII participation could help sustain domestic market gains, even as global cues remain mixed. The inflow of foreign funds is being closely watched as a potential stabiliser amid broader economic and geopolitical uncertainties.
How Did Markets Fare Yesterday?
Benchmark indices Sensex and Nifty extended their gains for a fourth straight session on Tuesday, lifted by banking and telecom shares even as markets witnessed high volatility and profit booking at upper levels. The positive momentum came on the back of sustained buying by domestic institutional investors (DIIs) and optimism ahead of the corporate earnings season.
The Sensex added 136.63 points, or 0.17 per cent, to close at 81,926.75 after oscillating through the day. It opened on a flat note but later surged 519.44 points, or 0.63 per cent, to touch an intraday high of 82,309.56 before trimming gains due to profit-taking. Similarly, the Nifty inched up 30.65 points, or 0.12 per cent, to settle at 25,108.30 after a choppy session.
In the last four sessions, the Sensex has rallied 1,659.13 points, or 2.06 per cent, while the Nifty has gained 497.2 points, or 2.02 per cent, reflecting a steady recovery in investor sentiment despite periodic profit booking.
Top Headlines
