Amid faltering global markets, India’s key indices opened flat with a negative bias on Wednesday. By 9:22 AM, the 30-share BSE Sensex had declined 167.99 points or 0.20% to 82,012.48, while Nifty50 was off 24.35 points or 0.10% at 25,208.15.
Early trade saw predominant red across Nifty indices. Broader markets weakened further, Nifty Midcap down 0.36% and Smallcap slipping 0.47%.
Bright spots included Nifty Pharma (+0.8%), Metal (+0.3%), Auto (+0.2%), and FMCG (+0.16%). Losses were evident in Realty (-0.7%) and Private Bank (-0.3%).
Top Sensex decliners: ICICI Bank, BEL, HCL Tech, Trent, Infosys, L&T, TCS. Advancers: Eternal, Indigo, Sun Pharma, Powergrid, UltraTech Cement, Tech Mahindra, Tata Steel, HUL, Adani Ports.
Echoing Tuesday’s rout, confidence wanes as volatility grips the Street. Near-term supports are testing resilience.
Expert analysis highlights Nifty resistance at 25,350-25,400; persistence below signals limited upside. Critical support at 25,050-25,100 – violation risks drop to 24,800-24,900.
FII outflows dominate, countered partially by DII inflows. India VIX spike warns of ongoing turbulence.
Market participants are urged to remain alert, emphasize risk mitigation, and hold off on aggressive bets until supports hold firm. This phase calls for disciplined strategies amid uncertainty.