At around 9:43 am, the BSE Sensex rose 264 points, or 0.33%, to 81,854, while the Nifty50 gained 81 points, or 0.32%, to 24,932. The Sensex rebounded sharply, rising 550 points from the day’s low of 81,304.
Meanwhile, broader Asian markets also opened lower, with the MSCI Asia ex-Japan index down 0.5%.
Among Sensex constituents, Power Grid, Kotak Bank, Infosys, Bajaj Finance, HDFC Bank, NTPC, and Axis Bank traded in the red. On the other hand, IndusInd Bank, HCL Tech, Sun Pharma, and Eternal opened with gains.
On the sectoral front, Nifty Auto, IT, Realty, and Oil & Gas surged 0.3% to 1%, while Nifty PSU Bank, Financial, and Media opened lower.
Among individual stocks, Hindustan Zinc dropped 6% in early trade as 14.8 lakh shares of the company changed hands in a block deal.Shares of BSE also slipped 6.2% after the SEBI granted approval to the NSE to shift its weekly equity derivatives expiry day from Thursday to Tuesday, effective September 1, 2025.Expert View
“Latest tweet by President Trump and the US defence movements in West Asia signal aggravation of the conflict. However, there is no panic in global equity markets and it appears that the markets’ assessment is that this conflict will end soon without impacting the global economy,” said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments.
“Despite the high valuations, particularly in the broader market, the market is likely to remain resilient supported by sustaining strong liquidity and hopes of turn around in earnings. The 24500-25000 range will hold in the near-term and is likely to be broken on the upside when positive news relating to the West Asian conflict comes. Buy on dips strategy will continue to work,” Vijayakumar added.
Global Markets
Concerns over escalating hostilities in the Middle East stayed front and centre in markets on Wednesday, sending oil prices higher and investors rushing for the safety of U.S. Treasuries and the dollar while dumping stocks.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.26% as did EUROSTOXX 50 futures, which declined 0.4%.
U.S. stock futures were little changed after the cash session on Wall Street ended in the red overnight.
FII/DII Tracker
Domestic institutional investors extended their buying streak for the 21st consecutive session on Tuesday, purchasing shares worth Rs 7,796 crore. Foreign portfolio investors also turned buyers after four sessions of selling, picking up equities worth Rs 1,616 crore.
MORE TO COME….
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