Stock Market Today Highlights: India’s stock market indices increased on Wednesday, building on the previous day’s significant trade agreement with the European Union, while stocks related to capital expenditure surged in anticipation of the federal budget.
The Nifty 50 climbed by 0.66% to reach 25,342.75, and the Sensex gained 0.6% to hit 82,344.68.
Out of the 16 major sectors, thirteen saw gains. Stocks in the energy and metal sectors were the top performers, rising by 4.2% and 2.3% respectively, driven by a surge in crude oil and base metal prices.
Mid-cap and small-cap stocks also saw gains, climbing by 1.7% and 2.3%, respectively.
The domestic benchmark indices, Nifty 50 and Sensex, started the day on a positive note on Wednesday, continuing the upward trend from the previous session following a significant trade agreement with the European Union that sparked optimism for an economic boost.
As of 9:15 IST, the Nifty 50 increased by 0.33% to reach 25,258.85, while the BSE Sensex saw a marginal gain of 0.04%, rising to 81,892.36.
Globally, Asian markets traded mixed, while the US stock market ended mostly higher, with the S&P 500 touching an intraday record high.
Investors will watch out for the Q3 results, details of the India-EU trade deal, developments over the US tariffs, trends in gold and silver prices, flow of FIIs, and other key domestic and global macroeconomic data. The US Federal Reserve is also slated to announce its interest rate decision tomorrow, keeping market sentiment volatile.
The stocks to watch today include Maruti Suzuki, Larsen & Toubro, TVS Holdings, Cochin Shipyard, Bharat Electronics (BEL), Vedanta, Vodafone Idea, Marico, Life Insurance Corporation of India (LIC), RVNL, among others.
Meanwhile, gold prices hit record high in the international markets, while silver prices jumped over 7% amid safe-have demand and a weak US dollar.