The Sensex advanced 539.83 points, or 0.66%, to settle at 82,726.64, while the Nifty gained 159 points, or 0.63%, to close at 25,219.90.
Here’s how analysts read the market pulse:
The Indian equity market demonstrated resilience despite a mixed start to Q1FY26 earnings and positive global cues, underpinned by optimism surrounding the U.S.-Japan trade agreement, have supported sentiment, said Vinod Nair, Head of Research, Geojit Investments, adding that “progress toward finalising the India-UK FTA has further contributed to the constructive outlook. Continued advancements in global trade negotiations are expected to alleviate near-term trade tensions and foster greater market stability.”
“While elevated valuations remain a concern, the prevailing market strength indicates potential for near-term earnings recovery. However, the pace and sustainability of this recovery will be critical in shaping the market’s forward trajectory,” said Nair.
Also read | 5 Wall Street moguls who dismissed Bitcoin as a fad — Guess what they’re saying now!
US markets
Wall Street climbed on Wednesday after President Donald Trump secured a trade deal with Japan, sparking optimism for a flurry of new agreements as the August 1 deadline looms. The pact will slash tariffs on the Japanese auto sector to 15% from 27.5%, with duties on other goods also dropping to 15% from 25%.Meanwhile, Wall Street’s “fear gauge,” the CBOE Volatility Index, dipped to its lowest level in nearly two weeks.As U.S. and EU officials head into crucial trade talks, hopes are high for a breakthrough agreement. However, the European Commission signaled it’s ready to play hardball, preparing to seek approval for 93 billion euros ($109 billion) in counter-tariffs on American goods.
European Markets
European shares climbed more than 1% on Wednesday, led by automobile stocks, after U.S. President Donald Trump revived hopes for a trade deal with the European Union following an agreement with Japan.
The pan-European STOXX 600 index rose 1.01%, while Europe’s broad FTSEurofirst 300 index rose 21.68 points, or 1.01%.
Tech View
The Nifty has moved above the 21-day EMA on the daily timeframe, indicating an increase in bullish sentiment, supported by improved optimism following the trade deal between the U.S. and Japan, said Rupak De, Senior Technical Analyst at LKP Securities.
“The RSI on the daily chart is in a bullish crossover and rising above the 50 mark, further reinforcing the positive momentum. In the short term, sentiment is likely to remain optimistic. On the higher side, Nifty may move towards 25,500, while support is placed at 24,900. A break below this level could weaken the current trend,” said De.
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
Paytm (Rs 2,787 crore), Macrotech Developers (Rs 2,442 crore), Eternal (Rs 2,073 crore), ICICI Bank (Rs 1,776 crore), Dixon Tech (Rs 1,429 crore), HDFC Bank (Rs 1,377 crore) and Infosys (Rs 1,270 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: 26.82 crore), Ola Electric Mobility (Traded shares: 25.58 crore), JP Power (Traded shares: 9.15 crore), Eternal (Traded shares: 6.89 crore), IRFC (Traded shares: 5.31 crore), YES Bank (Traded shares: 4.84 crore) and MRPL (Traded shares: 3.88 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of MRPL, Ola Electric Mobility, Elgi Equipments, CreditAccess Grameen, JM Financial, Godrej Agrovet and Olectra Greentech were among the stocks that witnessed strong buying interest from market participants.
Also read | Ola, Paytm, Swiggy tumble up to 50% in 2025: Are your loss-making tech bets still worth it?
52 Week high
Over 149 stocks hit their 52 week highs today while 48 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included ICICI Bank, HDFC Bank and Mahindra & Mahindra.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Macrotech Developers, Century Texttiles, Triveni Turbine, Mastek Ltd, Colgate-Palmolive, Zee Entertainment and Honasa Consumer.
Sentiment meter neutral
The market sentiments were neutral. Out of the 4,198 stocks that traded on the BSE on Wednesday, 2,097 stocks witnessed declines, 1,933 saw advances, while 168 stocks remained unchanged.
Also read | Eternal shares up 30% since March. Investors are feasting, but can Zomato’s parent justify the appetite?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
