Benchmark Indices End Firm on India-US Trade Optimism; Nifty Nears 25,500.
Equity benchmarks closed higher on Wednesday, supported by optimism over ongoing trade talks between India and the United States, though the session largely remained range-bound.
The S&P BSE Sensex gained 313.02 points to settle at 82,693.71, while the NSE Nifty50 advanced 91.25 points to end at 25,330.25. Broader indices also held firm, with mid- and small-caps finishing in positive territory.
Ajit Mishra, SVP–Research at Religare Broking, said the market displayed a “positive yet cautious undertone.” Gains in IT, banking and auto stocks offset profit-taking in metals, FMCG and pharma. He added that optimism around domestic reforms and robust local fund flows are lending support, though persistent foreign selling and global uncertainties are capping sharp rallies. Mishra expects the Nifty to test 25,500, while advising a “buy on dips” approach with support seen at 25,050–25,150.
Brokerages described the session as steady rather than strong. Ashika Institutional Equities noted that while the Nifty opened firm and sustained gains, it traded within a narrow 40-point band for much of the day. Buying interest was evident in PSU banks, autos, IT and oil & gas, while metals and consumer-oriented sectors lagged.
In the derivatives segment, traders built fresh positions in select counters such as Persistent Systems, Dalmia Bharat, Amber Enterprises, MCX and Tata Chemicals, indicating active participation despite muted index moves.
Analysts said investors are closely tracking external triggers, including the U.S. Federal Reserve’s upcoming policy decision and developments on India-US tariff negotiations. Until clarity emerges, sentiment is expected to remain constructive yet cautious.
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