Indian stock markets showed mixed signals on Wednesday after a massive rally in the previous session. After opening on a weak note, benchmark indices recovered gradually and moved into marginal gains as investors turned cautious following Tuesday’s sharp surge driven by the India–US trade agreement.
On Tuesday, equity markets witnessed a strong rally from the opening bell to the closing, adding nearly ₹20 lakh crore to investor wealth. Positive sentiment around the India–US trade deal pushed benchmarks sharply higher, raising expectations of continued momentum. However, markets failed to sustain the same pace on Wednesday as profit booking emerged at higher levels.
The Sensex gained 34 points and traded around 83,773, while the Nifty rose 41 points to hover near 25,768 during intraday trade. Buying interest appeared selective, with investors closely tracking global cues and sector-specific movements rather than broad-based accumulation.
On the Nifty index, Power Grid Corporation, Tata Steel, Coal India, ONGC, and NTPC emerged as top gainers. These stocks attracted buying amid strength in metal and energy counters. In contrast, IT stocks remained under pressure throughout the session.
HCL Technologies, Infosys, Tech Mahindra, Wipro, and TCS witnessed selling pressure, dragging the IT sector lower. Weak global tech sentiment and cautious outlook continued to weigh on information technology stocks.
Meanwhile, Nifty Midcap and Smallcap indices traded flat, reflecting a lack of strong directional cues. Analysts believe markets may consolidate in the near term after the sharp rally, with investors focusing on earnings updates and global developments.
Market participants are expected to remain cautious in the coming sessions, keeping a close watch on macroeconomic signals and sectoral performance.
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