The BSE Sensex shed 176.43 points, or 0.21%, to settle at 83,536.08, while the NSE Nifty declined 46.40 points, or 0.18%, to close at 25,476.10.
Here’s how analysts read the market pulse:
Indian key indices remained largely range-bound, while domestic consumption themes continued to anchor investor sentiment, said Vinod Nair, Head of Research, Geojit Investments, adding that early commentary from FMCG and discretionary players suggests green shoots of recovery, supported by easing inflation, a healthy monsoon, and rising rural demand.
“Despite global trade tensions and commodity tariffs, investor focus is increasingly shifting toward domestic earnings and structural growth drivers, including a likely sequential recovery in urban demand and a pickup in infrastructure-led spending,” said Nair.
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US markets
U.S. stocks edged higher on Wednesday morning as investors monitored fresh developments in the Trump administration’s efforts to secure trade deals with global partners.Technology and communication services stocks led the advance, helping offset losses in energy and other sectors. Nvidia climbed 2.1%, briefly surpassing a $4 trillion market cap with shares trading above $164. The stock was just $14 at the beginning of 2023.
European Markets
Global stock markets rose Wednesday, brushing off US President Donald Trump’s tariff threats on copper and pharmaceuticals. Investors kept an eye on countries seeking to hammer out tariff agreements before Trump’s new cut-off date of August 1.The US president reignited trade jitters Tuesday by announcing a 50 percent toll on copper imports and saying he was looking at 200 percent tariffs on pharmaceuticals.
The news sent the price of copper — used in a wide range of things including cars, construction and telecoms — to a record high Tuesday.
Tech View
The Nifty witnessed range-bound movement after a strong upmove, facing stiff resistance around 25,500–25,550, said Rupak De, Senior Technical Analyst at LKP Securities, adding that on the hourly chart, the index has slipped below the 50-hour simple moving average, while the RSI has also moved below the 50 mark, indicating weakening momentum.
“However, it continues to hold above the breakout zone of 25,200–25,250, which may act as immediate support in the short term. As long as this level is sustained, the broader trend remains positive. A sustained move above 25,550 could trigger fresh upside,” said De.
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Most active stocks in terms of turnover
BSE (Rs 1,722 crore), Vedanta (Rs 1,702 crore), HDFC Bank (Rs 1,391 crore), Reliance Industries Ltd (Rs 1,360 crore), Waaree Energies (Rs 1,289 crore), ICICI Bank (Rs 1,264 crore) and Sammaan Capital (Rs 1,047 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
JP Power (Traded shares: 41.48 crore), Vodafone Idea (Traded shares: 34.08 crore), Sammaan Capital (Traded shares: 8.36 crore), RattanIndia Enterprises (Traded shares: 4.87 crore), YES Bank (Traded shares: 4.46 crore), Alok Industries (Traded shares: 4.29 crore) and Suzlon Energy (Traded shares: 3.99 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Metropolis Healthcare, Sterling and Wilson Renewable, PG Electroplast, Niva Bupa Health Insurance, Emami, Syrma SGS Technology and FSN E-Comm (Nykaa) were among the stocks that witnessed strong buying interest from market participants.
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52 Week high
Over 130 stocks hit their 52 week highs today while 41 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included UltraTech Cement.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were GAIL, Brigade Enterprises, Union Bank India, Max Healthcare, Phoenix Mills, Vedanta and Hindustan Copper.
Sentiment meter neutral
The market sentiments were neutral. Out of the 4,142 stocks that traded on the BSE on Wednesday, 1,926 stocks witnessed declines, 2,076 saw advances, while 140 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)
