Indian equity markets ended Wednesday’s session with moderate gains, supported by optimism over ongoing trade negotiations between India and the United States. The S&P BSE Sensex rose 313.02 points to close at 82,693.71, while the NSE Nifty50 added 91.25 points to end at 25,330.25. Midcap and smallcap indices also finished in the green.
According to Ajit Mishra, SVP – Research at Religare Broking, the gains reflected a “positive yet cautious undertone,” with IT, banking, and auto stocks supporting the rally, while metals, FMCG, and pharma saw profit-taking. Domestic reforms and strong local fund flows underpinned sentiment, although foreign investor selling and global uncertainties limited sharper gains. He sees Nifty moving toward 25,500, with support around 25,050–25,150.
Brokerages noted that trading was steady but narrow, with Nifty moving within a 40-point band. Buying was concentrated in PSU banks, automobiles, IT, and oil & gas, while metals and consumer sectors lagged.
In the derivatives market, fresh positions were built in counters like Persistent Systems, Dalmia Bharat, Amber Enterprises, MCX, and Tata Chemicals, indicating selective interest.
Investors remain focused on external triggers, particularly the U.S. Federal Reserve’s policy outcome and India-US tariff discussions, keeping sentiment constructive yet cautious.
