At the end of the session, the Sensex closed 487.20 points or 0.60% higher to end at 82,344.68, while Nifty ended at 25,342.75, higher by 167.35 points or 0.66%.
Here’s how analysts read the market pulse:
Domestic markets displayed continued optimism, supported by the India-EU FTA, with broader indices outperforming, driven by strength in Metals, Financials, and Oil & Gas, while FMCG stocks saw profit-booking amid investor shift toward cyclical sectors, said Vinod Nair, Head of Research at Geojit Investments, adding that global markets traded mixed as investors awaited the U.S. Fed’s policy decision.
“Although the broad expectation is that rates are expected to stay unchanged, the focus is on the Fed Chair’s guidance on possible rate cuts later this year. At the same time, rising U.S.–Iran tensions and uncertainty over global tariffs are expected to keep overall sentiment restrained,” said Nair.
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Tech View
The Nifty index has settled at a crucial juncture around the 25,350 level, and a decisive breakout could help extend the rebound towards the 25,600 zone, said Ajit Mishra – SVP, Research, Religare Broking, adding that on the downside, the long-term moving average, the 200 DEMA around 25,150, remains critical to hold; a breakdown below this level could see the corrective phase resume.
“In the current environment of mixed global cues and improving domestic optimism, participants are advised to maintain a selective, stock-specific approach, prioritising sectors showing a steadier trend such as metals and banking, while being selective in others. At the same time, disciplined risk management is essential, given the likelihood of continued volatility in the run-up to the Union Budget,” said Mishra.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
Hindustan Copper (Rs 6,669 crore), HDFC Bank (Rs 3,305 crore), BEL (Rs 3,189 crore), Hindustan Zinc (Rs 2,739 crore), Maruti Suzuki (Rs 2,366 crore), Eternal (Rs 2,155 crore) and Axis Bank (Rs 2,068 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: 64.5 crore), Hindustan Copper (Traded shares: 10.8 crore), YES Bank (Traded shares: 8.78 crore), Eternal (Traded shares: 8.2 crore), ONGC (Traded shares: 7.3 crore), BEL (Traded shares: 7.19 crore) and Reliance Power (Traded shares: 6.3 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Tejas Networks, Data Patterns (India), Hindustan Copper, Olectra Greentech, Schneider, BEML and Syrma SGS Technology were among the stocks that witnessed strong buying interest from market participants.
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52 Week high
Over 86 stocks hit their 52-week highs today while 261 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included Tata Steel, Tech Mahindra and SBI.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Radico Khaitan, Home First Finance Company India, Tata Consumer, Asian Paints, Vishal Mega Mart, Aegis Vopak Terminal and Berger Paints.
Sentiment meter bullish
The market sentiments were bullish. Out of the 4,373 stocks that traded on the BSE on Wednesday, 1,315 stocks witnessed declines, 2,920 saw advances, while 138 stocks remained unchanged.
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)