Sensex, and Nifty opened in green for the third consecutive day on Wednesday. 10 am, Sensex was trading points 76,254.43 +183.59 (0.24%) while the Nifty 50 was at 23,654.20 +73.05 (0.31%) The GIFT Nifty indicated that the Nifty50 is set for a positive open on Wednesday. The rupee opened at 92.42 against the US dollar versus the previous close of 92.37. Earlier, Asia-Pacific markets gained in early trade. Overnight, the S&P 500 and the Dow Jones Industrial Average indices ended 0.25 per cent and 0.10 per cent higher.
Among Sensex constituents, Bajaj Finance jumped 2.07% to Rs 886.55. Tata Consultancy Services (TCS) advanced 1.81%, while IndiGo, HCL Technologies and Power Grid rose 1.64%, 1.54% and 1.41%, respectively.Crude oil prices remain high despite ongoing geopolitical tensions in the Middle East.In the last session on Tuesday, the Sensex surged 567.99 points, or 0.75 per cent, to settle at 76,070.84, while the Nifty jumped 172.35 points, or 0.74 per cent, to close at 23,581.15.. Only four stocks traded in the red: HDFC Bank, Tata Steel, ICICI Bank and Asian Paints. All major IT stocks traded firmly higher on Wednesday, reversing losses from the previous session. The rally extended to midcap IT names as well.
Market experts noted that Indian markets have shown resilience in recent sessions despite significant foreign portfolio investor (FPI) outflows.Ajay Bagga, banking and market expert, told ANI, "Indian markets have been resilient over the last two days, bouncing from extreme pessimism and oversold levels. DIIs have countered outflows of over Rs 70,000 in March from FPIs in the cash equity segment. The resilience of the Indian market recovery will depend on the scale and duration of the oil and gas market disruption. That is a big known unknown, and markets are not fully pricing a longer disruption for now."He further added, "The US Fed meeting is the biggest economic event of the week. The Fed is expected to be on 'hold' with markets factoring in one rate cut towards the end of 2026."