In the afternoon trade, the Sensex was up 442.55 points or 0.54% at 82,228.29, while the Nifty rose 131.15 points or 0.52% to 25,200.35.
Indian equity markets began the session on a flat footing on Tuesday. Concerns over the U.S.-India tariff dispute and stretched domestic valuations will also remain in focus today. Apart from this, all eyes will also remain on Wednesday’s U.S. Federal Reserve meeting, which is expected to guide short-term market direction.
At the start of the session, the Sensex opened at 81,867.30, up 0.10%. The Nifty began at 25,101%, higher by 0.13%, while the Nifty Bank opened at 54,898.80, up 0.02%.
“Benchmark indices could see a subdued to weak opening despite gains in other global equity gauges as uncertainty over the outcome of US-India tariff dispute and higher valuations of domestic stocks continue to weigh on the sentiment. All eyes will be on Wednesday’s US Fed meet on interest rates, which will give some hint for the short-term direction. Technically, Nifty has a biggest support at its 100-DMA at 24861 mark, while the benchmark index could gain strength only above the 25,670 level,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
Let’s take a look at the key factors to watch out for today’s trading session
Movers in early trade
In early trade, certain stocks have shown notable movement. From the Sensex 30 pack, top gainers include UltraTech Cement, LT, Maruti, TCS, Bajaj Finserv among other stocks.
Key losers
On the flip side, some counters have underperformed. The key laggards in early trade are Tata Steel, NTPC, SBI, HCL Tech, Bharti Airtel among other stocks.
Nifty outlook
“A bit of consolidation unfolded yesterday on anticipated lines, with the downside pivots at 25070/24980 appearing sufficient for now. While we continue to have eyes on these levels, a direct rise above 25130 could also encourage us to get back on to the 25400-600 ride. Alternatively, slippage past 24930 could however signal a pause to the near term uptrend, but we see 24700 as a firm support,” said market veteran Anand James.
Stocks to watch today
Apart from index moves, stock-specific news is expected to drive market activity. Investors will monitor Adani Enterprises, JSW Infrastructure, NTPC Green Energy, Wipro, and Zydus Lifesciences, among others, as regulatory approvals, corporate announcements, and sector developments could influence trading throughout the day.