The Indian market ended marginally higher on Wednesday, recouping early losses as gains in PSU banks and IT stocks helped offset broader regional weakness stemming from renewed concerns over rising U.S. inflation.
The Sensex rose 63.57 points, or 0.08%, to close at 82,634.48, while the Nifty 50 gained 16.25 points, or 0.06%, to settle at 25,212.05.
Here's how analysts read the market pulse:
India’s macroeconomic outlook remains strong, supported by easing inflation, lower interest rates, a healthy monsoon, and softer oil prices and a drop in inflation in eight straight months has provided a push to the market, said Vinod Nair, Head of Research, Geojit Investments, adding that "however, investors are showing a mix of optimism and caution in the relief rally to assess the Q1FY26 corporate earnings, as an upgrade in earnings is essential in the premium valued stock market."
“Additionally, global sentiment is mixed amid tariff concerns—highlighted by the announcement of a 50% duty on copper—and fading hopes of a near-term U.S. Fed rate cut on account of sticky inflation, adding market uncertainty," said Nair.
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US markets
Wall Street's main indexes were largely steady on Wednesday as investors sifted though fresh inflation data and earnings reports from corporate giants.
U.S. producer prices held steady in June, defying expectations as higher costs for tariff-hit goods were offset by a slump in services.
According to the Labor Department, the Producer Price Index climbed 2.3% year-over-year, slightly below forecasts, while remaining flat for the month.
European Markets
European shares were mixed on Wednesday, with ASML dragging the market down after a weak business update, while investors focused on trade negotiations and corporate earnings.
The pan-European STOXX 600 was down 0.1% while London's FTSE 100 was up 0.2%.
The latest earnings forecasts released on Tuesday showed a deteriorating outlook for European corporate health, as U.S. President Donald Trump's most recent tariff statements added to business uncertainty.
Tech View
The Nifty continues to face resistance at the crucial level of 25,260, which is the 38.20% Fibonacci retracement of the recent decline from 25,669, indicating indecision among investors at the higher level, said Rupak De, Senior Technical Analyst at LKP Securities, adding that on the daily chart, the index has been sustaining above the 50-day moving average (50DMA), signifying a positive short-term trend.
"As long as it remains above 25,000 on a closing basis, the sentiment is likely to stay bullish, with a "buy on dips" strategy appearing favourable. On the higher side, a decisive move above 25,260 could trigger a rally towards 25,500 and beyond," said De.
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Most active stocks in terms of turnover
Network18 Media (Rs 2,003 crore), HDFC Bank (Rs 1,804 crore), Swan Energy (Rs 1,620 crore), RIL (Rs 1,542 crore), SBI (Rs 1,363 crore), Dixon Tech (Rs 1,349 crore) and BSE (Rs 1,113 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 62.99 crore), JP Power (Traded shares: 32.21 crore), Network18 Media (Traded shares: 31.84 crore), Ola Electric Mobility (Traded shares: 18.34 crore), YES Bank (Traded shares: 8.04 crore), Suzlon Energy (Traded shares: 5.27 crore) and Canara Bank (Traded shares: 4.04 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Network18 Media, Patanjali Foods, Cera Sanitary, Metropolis Health, Aadhar Housing Finance, Thermax and Ibull Housing Finance were among the stocks that witnessed strong buying interest from market participants.
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52 Week high
Over 145 stocks hit their 52 week highs today while 37 stocks slipped to their 52-week lows.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Neuland Labs, Just Dial, Ola Electric Mobility, Page Industries, JP Power, Poly Medicure and Amber Enterprises.
Sentiment meter bullish
The market sentiments were bullish. Out of the 4,218 stocks that traded on the BSE on Wednesday, 1,718 stocks witnessed declines, 2,338 saw advances, while 162 stocks remained unchanged.
Also read | Eternal shares up 30% since March. Investors are feasting, but can Zomato’s parent justify the appetite?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
The Sensex rose 63.57 points, or 0.08%, to close at 82,634.48, while the Nifty 50 gained 16.25 points, or 0.06%, to settle at 25,212.05.
Here's how analysts read the market pulse:
India’s macroeconomic outlook remains strong, supported by easing inflation, lower interest rates, a healthy monsoon, and softer oil prices and a drop in inflation in eight straight months has provided a push to the market, said Vinod Nair, Head of Research, Geojit Investments, adding that "however, investors are showing a mix of optimism and caution in the relief rally to assess the Q1FY26 corporate earnings, as an upgrade in earnings is essential in the premium valued stock market."
“Additionally, global sentiment is mixed amid tariff concerns—highlighted by the announcement of a 50% duty on copper—and fading hopes of a near-term U.S. Fed rate cut on account of sticky inflation, adding market uncertainty," said Nair.
Also read | 5 Wall Street moguls who dismissed Bitcoin as a fad — Guess what they’re saying now!
US markets
Wall Street's main indexes were largely steady on Wednesday as investors sifted though fresh inflation data and earnings reports from corporate giants.
U.S. producer prices held steady in June, defying expectations as higher costs for tariff-hit goods were offset by a slump in services.
According to the Labor Department, the Producer Price Index climbed 2.3% year-over-year, slightly below forecasts, while remaining flat for the month.
European Markets
European shares were mixed on Wednesday, with ASML dragging the market down after a weak business update, while investors focused on trade negotiations and corporate earnings.
The pan-European STOXX 600 was down 0.1% while London's FTSE 100 was up 0.2%.
The latest earnings forecasts released on Tuesday showed a deteriorating outlook for European corporate health, as U.S. President Donald Trump's most recent tariff statements added to business uncertainty.
Tech View
The Nifty continues to face resistance at the crucial level of 25,260, which is the 38.20% Fibonacci retracement of the recent decline from 25,669, indicating indecision among investors at the higher level, said Rupak De, Senior Technical Analyst at LKP Securities, adding that on the daily chart, the index has been sustaining above the 50-day moving average (50DMA), signifying a positive short-term trend.
"As long as it remains above 25,000 on a closing basis, the sentiment is likely to stay bullish, with a "buy on dips" strategy appearing favourable. On the higher side, a decisive move above 25,260 could trigger a rally towards 25,500 and beyond," said De.
Also read | Warren Buffett’s biggest investment isn’t Apple, BofA or Coca-Cola — it’s a stock hidden in plain sight
Most active stocks in terms of turnover
Network18 Media (Rs 2,003 crore), HDFC Bank (Rs 1,804 crore), Swan Energy (Rs 1,620 crore), RIL (Rs 1,542 crore), SBI (Rs 1,363 crore), Dixon Tech (Rs 1,349 crore) and BSE (Rs 1,113 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 62.99 crore), JP Power (Traded shares: 32.21 crore), Network18 Media (Traded shares: 31.84 crore), Ola Electric Mobility (Traded shares: 18.34 crore), YES Bank (Traded shares: 8.04 crore), Suzlon Energy (Traded shares: 5.27 crore) and Canara Bank (Traded shares: 4.04 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Network18 Media, Patanjali Foods, Cera Sanitary, Metropolis Health, Aadhar Housing Finance, Thermax and Ibull Housing Finance were among the stocks that witnessed strong buying interest from market participants.
Also read | Ola, Paytm, Swiggy tumble up to 50% in 2025: Are your loss-making tech bets still worth it?
52 Week high
Over 145 stocks hit their 52 week highs today while 37 stocks slipped to their 52-week lows.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Neuland Labs, Just Dial, Ola Electric Mobility, Page Industries, JP Power, Poly Medicure and Amber Enterprises.
Sentiment meter bullish
The market sentiments were bullish. Out of the 4,218 stocks that traded on the BSE on Wednesday, 1,718 stocks witnessed declines, 2,338 saw advances, while 162 stocks remained unchanged.
Also read | Eternal shares up 30% since March. Investors are feasting, but can Zomato’s parent justify the appetite?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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