The Indian stock market began Wednesday’s trading session on a positive note, buoyed by buying activity in public sector enterprise (PSE) and IT sectors.
At 9:36 am, the Sensex climbed 248.37 points or 0.31%, reaching 80,094.12, while the Nifty gained 76.90 points or 0.31%, trading at 24,534.05. The overall market sentiment remained optimistic, with 1,851 stocks advancing and 409 declining on the National Stock Exchange (NSE).
Resilient Amid Challenges
Market experts noted that despite headwinds, including a sharp slowdown in Q2 GDP growth and foreign institutional investor (FII) outflows, the market has shown resilience.
“The signals from the market are a bit confusing. It has ignored the sharp slowdown in Q2 GDP growth. It is remaining resilient despite the massive FII selling. There are many likely headwinds from the Trump presidency. The valuations are elevated with Nifty trading around 20 times estimated FY26 earnings,” they said.
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In light of these factors, experts recommended cautious investment strategies. “Since the market has been resilient amid challenges, it makes sense to remain invested,” they added, advising investors to prioritize asset allocation.
Sectoral Performance
Sector-specific indices mirrored the overall positive sentiment. The Nifty Bank index rose 127.60 points or 0.24% to trade at 52,823.35. Meanwhile, the Nifty Midcap 100 index gained 288.45 points or 0.50%, reaching 57,797.45, and the Nifty Smallcap 100 index advanced 158.45 points or 0.83%, standing at 19,162.
Top Gainers and Losers
In Indian Stock Market, in the Sensex pack, NTPC, Tech Mahindra, L&T, ITC, TCS, Infosys, IndusInd Bank, M&M, and HCL Tech emerged as the top gainers. Conversely, Bharti Airtel, Reliance, ICICI Bank, UltraTech Cement, and Hindustan Unilever were among the top losers.
Global Market Trends
Asian markets presented a mixed picture, with Seoul, Bangkok, and China trading in the red, while Japan, Hong Kong, and Jakarta were in green territory. In the U.S. markets, the S&P 500 and Nasdaq Composite closed marginally higher, gaining 0.05% and 0.40%, respectively, whereas the Dow Jones Industrial Average dipped 0.17% in the previous session.
FII and DII Activity
Foreign institutional investors (FIIs) were net buyers on December 3, investing ₹3,664 crore in Indian equities. In contrast, domestic institutional investors (DIIs) were net sellers, offloading equities worth ₹250 crore.
The market’s steady start highlights its ability to weather global and domestic uncertainties, setting a cautiously optimistic tone for the trading day ahead.
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