Indian equity indices opened Wednesday’s trading session on a positive note for the third consecutive session. The NSE Nifty 50 opened 16 points or 0.07% higher at 24,595. The BSE Sensex opened 64 points or 0.08% higher at 80,222.
Bank Nifty opened flat at 53,686. Following the benchmarks, the small and midcap stocks opened the day higher. The Nifty Midcap rose 108 points or 0.19% to open at 57,085.
“With global uncertainty on the rise, the market also is going to experience high volatility. There are potentially positive and negative news items that can impact the market, going forward. On the negative front, the likelihood of the 25 % penal tariff imposed on India getting withdrawn is getting difficult since India has refused to accept Trump’s dictates. This means, in the short run, our exports and related jobs will continue to suffer,” said VK Vijayakumar, Chief Investment Strategist at Geojit Investments.
“On the positive front, the Q1 GDP growth number at 7.8% indicates growth momentum in the economy. This will get accelerated by the coming reforms in GST. The net result of all these can be an upward revision in the earnings growth for FY26 and FY27. This has the potential to turn FIIs into buyers in India, triggering a rally in the market. This is a likely scenario that can play out in a few weeks,” added Vijayakumar.
Let’s take a look at the key factors to watch out for today’s trading session
Early gainers and laggards
In early trade, among the Nifty 50, top gainers at this hour were Tata Steel, Hindalco, Zomato (Eternal), Power Grid Corp, and ONGC. On the flip side, the key laggards in the Nifty 50 pack included Tata Consumer Products, Hero MotoCorp, Infosys, Bajaj Finance, and Bharti Airtel.
Major movers on Wednesday
The stocks that remained under pressure included ICICI Bank, HDFC Bank, Infosys, Bharti Airtel, and Bajaj Finance, which were the major movers in the morning trade.