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India’s stock market opened higher on Wednesday, reflecting positive global cues
Stock Market Today
Sensex Today: India’s stock market opened higher on Wednesday, reflecting positive global cues. The BSE Sensex gained 120 points at the start, reaching 78,704.60, while the Nifty added 62 points to trade at 23,802. However, both indices quickly reversed their gains and moved into negative territory.
Top gainers on the Sensex included IndusInd Bank, NTPC, Power Grid, Adani Ports, Infosys, and HDFC Bank, with share prices rising between 0.4% and 1.5%. On the downside, Asian Paints saw a 4% drop, while Nestle India, Sun Pharma, and Ultratech Cement were also among the top losers.
In the broader market, the Nifty MidCap index and Nifty SmallCap index were up by 0.46% and 0.88%, respectively.
Among sectors, the Nifty PSU Bank index emerged as the top performer, gaining 1.2%.
Global Cues
Asia-Pacific markets advanced on Wednesday, following a positive lead from US equities. Wall Street managed to overcome concerns surrounding Trump’s tariffs and China’s retaliatory measures.
China resumed trading after the Lunar New Year holiday and is set to release its Caixin Services PMI for January later today, offering insights into the performance of its services sector.
The Nikkei rose by 0.12%, while the Topix climbed 0.27%. The Kospi surged 1.06%, and Australia’s ASX 200 added 0.75%.
In the US, all major indices ended higher, with the Nasdaq gaining 1.35%, the S&P 500 rising 0.72%, and the Dow Jones increasing by 0.30%. Investors are now awaiting upcoming PMI data and US trade figures.