Benchmark stock market indices closed marginally higher on Wednesday as Sensex and Nifty erased early gains helped by IT stocks, but declines in heavyweights like RIL, SBI, etc limited gains.
The S&P BSE Sensex added 50.15 points to close at 82,276.07, while the NSE Nifty50 gained 57.85 points to end at 25,482.50.
Vinod Nair, Head of Research, Geojit Investments Limited, said that markets opened with a gapup, driven by upbeat global cues and a rebound in US tech stocks as AIrelated uncertainty eased.
“Additionally, dovish signals from the BoJ supported regional sentiment, keeping Asian markets firm. However, the initial strength tapered off as renewed tarifffocused comments from the U.S. President reignited global trade concerns, limiting the day’s gains with depreciation in INR,” he added.
After the closing bell, HCL Technologies Ltd led the Sensex gainers, rising 2.80%. It was followed by Tata Steel Ltd, which gained 2.63%. Tata Consultancy Services Ltd moved up 2.14%, while InterGlobe Aviation Ltd added 1.95%. Sun Pharmaceutical Industries Ltd also ended higher, rising 1.84%.
Reliance Industries Ltd saw the sharpest fall, dropping 2.23%. State Bank of India Ltd declined 1.93%, Adani Ports and Special Economic Zone Ltd fell 1.72%, Eternal Ltd was down 1.46%, and Bharti Airtel Ltd slipped 1.39%.
“Looking ahead, geopolitical tensions such as U.S.–Iran developments, along with AI and tariffrelated news flow, are likely to shape market direction in the near term,” said Nair.
“Amid the prevailing uncertainty, a selective approach based on sectoral trends continues to work well, with preference for banking, auto, metal and energy counters for long positions. Participants are advised to focus on opportunities on both sides until a clearer directional trend emerges in the index,” said Ajit Mishra – SVP, Research, Religare Broking Ltd.
