For the third straight day this week, India’s benchmark indices opened higher on Wednesday, buoyed by robust auto sector performance. Sensex started at 84,339.15, up 65.23 points from Tuesday’s close of 84,273.92. Nifty followed suit, opening at 25,997.45 after a 62.3-point gain from 25,935.15.
As trading progressed to 9:25 AM, Sensex was at 84,374, reflecting a 0.1% or 102-point increase. Nifty traded at 25,979, up 44 points. Midcap and smallcap indices displayed caution: BSE Midcap down 0.2%, Smallcap up 0.1%.
Auto stocks stole the show with Nifty Auto soaring 1.34%, FMCG up 0.18%. IT and banking sectors faced headwinds, with Nifty IT down 0.45% and Nifty Bank slipping 0.28%. Top performers on Sensex: Mahindra & Mahindra, Titan, Maruti Suzuki, Tata Steel, SBI, Sun Pharma. Notable decliners: HCL Tech, Trent, TCS, Bharti Airtel, ITC, L&T.
Choice Broking’s Akash Shah highlighted Nifty’s position above short-term averages, supported above 25,800-25,900. Resistance looms at 26,000; breaking it could spark short covering and rally extension. Supports at 25,800 and 25,700.
Market sentiment leans positive but contained, with upside potential in select sectors. Investors are eyeing autos, metals, banks, and quality names. Vigilance is key near 26,000, emphasizing prudent risk strategies.
Amid global uncertainties, this consistent opening strength underscores domestic resilience, potentially paving the way for broader market participation if momentum builds.