Markets stable: Nifty near 24,600, Sensex up 180 points led by tech, auto and finance
Indian equity markets witnessed a cautious yet positive start on Wednesday as investors kept an eye on block deals and key sectoral movements. Both benchmark indices opened flat but with a slight upward bias, reflecting underlying stability and investor confidence in the current macroeconomic environment.
Market Opening Snapshot
The NSE Nifty 50 opened 39 points higher, marking a 0.16% gain at 24,581, while the BSE Sensex began the day with a rise of 179 points or 0.22%, touching 80,916.80. The Bank Nifty also participated in the uptrend, climbing 117.75 points (0.21%) to start at 55,717.70.
Meanwhile, the Nifty Midcap 100 showed continued momentum, opening 149 points up (0.25%) at 57,666, showcasing strength in broader market participation.
Watch for Block Deals
A flurry of block deals is expected throughout the session, likely to drive sharp movements in select counters. Market watchers are advised to stay updated, as these bulk transactions often signal institutional investor interest or strategic rebalancing.
Expert View on Market Trend
According to VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the Nifty is likely to remain within the 24,000–25,000 range in the short term. However, a breakout above 25,000 seems more probable than a breakdown below 24,000, barring any unforeseen developments.
He added, “India’s strong macros and steady mutual fund inflows, especially through SIPs, are underlining the maturity and growing confidence of the Indian retail investor.”
Sectoral Leaders and Top Performers
Today's session saw a robust performance from the tech, auto, and finance sectors. Among the top gainers on the Nifty 50 were:
Key movers right after the opening bell included HDFC Bank, M&M, Tata Motors, and Zomato, reflecting optimism in large-cap and high-growth stocks.
Conclusion
Markets appear stable with positive undertones, driven by strong domestic fundamentals and investor inflows. Traders should monitor key resistance levels and remain alert for large transactions that may influence momentum. As the day progresses, the focus will remain on sectoral performances and institutional activity.
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