The Indian markets gave mixed signals, with both benchmarks beginning on a flat note on Wednesday. The BSE Sensex rang the opening bell near 81,900, inching down 3 points, while the NSE Nifty50 started the day nearly flat, just over 25,100, around 9:15 AM.
Notably, in the pre-open session, the Sensex slipped 27 points to breach 81,900, while the Nifty stood below 25,100, around 9:09 AM.
Benchmark indices Sensex and Nifty extended their gains for a fourth straight session on Tuesday, lifted by banking and telecom shares even as markets witnessed high volatility and profit booking at upper levels. The positive momentum came on the back of sustained buying by domestic institutional investors (DIIs) and optimism ahead of the corporate earnings season.
The 30-share BSE Sensex added 136.63 points, or 0.17 per cent, to close at 81,926.75 after oscillating through the day. It opened on a flat note but later surged 519.44 points, or 0.63 per cent, to touch an intraday high of 82,309.56 before trimming gains due to profit-taking. Similarly, the NSE Nifty inched up 30.65 points, or 0.12 per cent, to settle at 25,108.30 after a choppy session.
“The domestic equity market started on a positive note, supported by favourable global cues and anticipation surrounding the upcoming earnings season. However, the market ended with flattish gains as expectations for Q2 FY26 earnings remain modest. Market’s short-term focus will shift toward corporate commentary for insights into potential recovery in Q3,” said Vinod Nair, Head of Research at Geojit Financial Services.
In the last four sessions, the Sensex has rallied 1,659.13 points, or 2.06 per cent, while the Nifty has gained 497.2 points, or 2.02 per cent, reflecting a steady recovery in investor sentiment despite periodic profit booking.
