The Indian market ended in the green for a fifth straight day on Wednesday, lifted by IT shares, as investors looked ahead to the Federal Reserve’s Jackson Hole symposium later this week.
The S&P BSE Sensex advanced 213.45 points, or 0.26%, to 81,857.84, while the NSE Nifty 50 gained 69.90 points, or 0.28%, closing above the 25,000 mark at 25,050.55 after trimming early losses.
Here’s how analysts read the market pulse:
The Indian market sustained its positive momentum, supported by strong domestic inflows and favourable macro tailwinds, said Vinod Nair, Head of Research at Geojit Investments, adding that “however, rich valuations and external risks, particularly the U.S. tariffs and sanctions on purchase of Russian crude, continue to pose challenges.”
“Hence, greater visibility on U.S. trade policy and the path of earnings recovery will be critical. Meanwhile, global sentiment is cautious ahead of the release of the FOMC minutes later today, with investor attention gradually shifting to the U.S. Fed Chair’s speech at Jackson Hole this weekend, which is expected to provide clearer guidance on future policy direction,” said Nair.
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Also read | 5 Wall Street moguls who dismissed Bitcoin as a fad — Guess what they’re saying now!US marketsEuropean MarketsTech ViewThe Nifty witnessed a largely positive session, closing above the 25,000 mark, said Rupak De, Senior Technical Analyst at LKP Securities, adding that the sentiment is likely to favor the bulls as the index has sustained above the 21 EMA for the past three sessions. “Additionally, Put writers have outnumbered Call writers for the first time in several days. The Nifty is expected to remain a “buy on dips” as long as it holds above 24,800. On the higher side, resistance is placed at 25,250, above which the index may extend its gains towards 25,500,” said De.Also read | Warren Buffett’s biggest investment isn’t Apple, BofA or Coca-Cola — it’s a stock hidden in plain sightMost active stocks in terms of turnoverOla Electric Mobility (Rs 5,620 crore), Godfrey Philips (Rs 2,538 crore), Eternal (Rs 1,824 crore), Infosys (Rs 1,544 crore), TCS (Rs 1,524 crore), HCL Tech (Rs 1,511 crore) and HAL (Rs 1,405 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.Most active stocks in volume termsOla Electric Mobility (Traded shares: 110.81 crore), Vodafone Idea (Traded shares: 54.61 crore), Suzlon Energy (Traded shares: 5.90 crore), Eternal (Traded shares: 5.57 crore), JP Power (Traded shares: 4.58 crore), YES Bank (Traded shares: 4.08 crore) and Vishal Mega Mart (Traded shares: 3.48 crore) and were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interestShares of Ola Electric Mobility, Carborundum Universal, Godfrey Philips, Intellect Design, Aegis Logistics, Rashtriya Chemicals and Reliance Power were among the stocks that witnessed strong buying interest from market participants.
Also read | Swiggy vs Eternal: Which stock promises better value delivery post Q1 show?
52 Week highOver 142 stocks hit their 52 week highs today while 53 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included Maruti Suzuki, UltraTech Cement and Eternal.Stocks seeing selling pressureStocks which witnessed significant selling pressure were Bajaj Finance,
Tata Motors, IndusInd Bank, ITC, Bajaj Finserv, Kotak Bank and L&T.
Sentiment meter bullishThe market sentiments were bullish. Out of the 4,235 stocks that traded on the BSE on Wednesday, 1,725 stocks witnessed declines, 2,343 saw advances, while 167 stocks remained unchanged.
Also read | Bajaj Finance shares up 30% in 2025 so far. Can GST reform tailwinds push the stock past Rs 1,000?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)