Wednesday brought cheer to Dalal Street as the landmark India-EU FTA seal and positive overseas markets sparked a sharp uptick. Sensex and Nifty opened firm, with intraday advances pushing Sensex towards 82,340 amid buoyant sentiment.
Sensex debuted at 81,892.36 (up 34.88 pts), Nifty at 25,258.85 (+83.45 pts). At 9:28 AM, Sensex stood at 82,340.76 (+483.28 pts, 0.59%), Nifty at 25,328.85 (+153.45 pts, 0.61%). Virtually all Nifty sectors posted advances.
Smallcaps led with Nifty Smallcap 100 up >1%, midcaps +0.6%. Private banks, realty, oil & gas surged >1%; autos and PSBs dipped mildly.
Sensex toppers: Axis Bank, Trent, ITC, Power Grid, ICICI Bank, NTPC, BEL, TCS, Adani Ports. Laggards: Asian Paints, Maruti, IndiGo, Kotak Bank, Sun Pharma, SBI.
Aakash Shah of Choice Broking observed post-weakness stabilization, Nifty above 25,000 buoyed by banks, metals, oil. Cautious breadth in broader markets signals selective buying.
Nifty trades sideways, resistance at 25,300-25,400; break could ignite shortsqueeze. Supports: 25,000 (psych), 24,800. Momentum subdued, oversold relief possible in spots.
Neutral-bullish bias in tight ranges ahead. Advice: Traders manage risks rigorously, eye earnings/sector rotations. Investors await confirmation at supports for strategic entries.