Benchmark stock indices ended marginally higher on Wednesday, buoyed by gains in banking and IT stocks, even as metal shares dragged sentiment lower.
The S&P BSE Sensex rose by 63.57 points, closing at 82,634.48, while the NSE Nifty50 edged up 16.25 points to settle at 25,212.05.
Market sentiment was supported by India’s stable macroeconomic outlook. Vinod Nair, Head of Research at Geojit Financial Services, pointed to easing inflation, softer interest rates, a healthy monsoon, and declining oil prices as key tailwinds.
“A drop in inflation for eight consecutive months has boosted market sentiment. However, investors remain cautiously optimistic as they await Q1 FY26 earnings. Given the market’s premium valuation, an upgrade in earnings is essential,” he noted.
Top Nifty Gainers:
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Mahindra & Mahindra: +2.10%
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Tech Mahindra: +1.84%
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State Bank of India (SBI): +1.81%
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Infosys: +1.57%
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Asian Paints: +0.79%
Top Nifty Losers:
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Eternal: –1.58%
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Sun Pharma: –1.49%
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Tata Steel: –1.10%
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Tata Motors: –0.87%
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Bajaj Finance: –0.71%
Broader Market Performance:
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Nifty Midcap100: +0.01%
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Nifty Smallcap100: +0.03%
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India VIX (Volatility Index): +2.09%, indicating a rise in market uncertainty.
Sectoral Highlights:
Gainers:
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Nifty Media: +1.31%
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Nifty IT: +0.63%
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Nifty Realty: +0.50%
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Nifty FMCG: +0.45%
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Nifty Auto: +0.44%
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Nifty Oil & Gas: +0.23%
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Nifty Consumer Durables: +0.08%
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Nifty Private Bank: +0.03%
Losers:
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Nifty Metal: –0.54%
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Nifty Healthcare: –0.34%
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Nifty Pharma: –0.32%
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Nifty Financial Services: –0.15%
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Nifty PSU Bank: Flat
Global cues remained mixed, dampened by tariff concerns — particularly the announcement of a 50% duty on copper — and fading optimism for a near-term U.S. Fed rate cut due to persistent inflation. These factors contributed to a more cautious tone among investors despite positive domestic indicators.
