India’s benchmark equity indices staged a recovery in early trade on Wednesday after a three-day losing streak, bolstered by a rally in global markets and signs of investor resilience in domestic mutual fund flows.
The BSE Sensex rose 230.17 points to 80,967.68 in early hours, while the broader NSE Nifty gained 70.25 points to trade at 24,612.75.
Leading the charge among Sensex constituents were Bharti Airtel, Eternal, IndusInd Bank, Maruti, Tata Motors and Bajaj Finance. In contrast, Tata Consultancy Services, UltraTech Cement, Titan and ICICI Bank lagged behind.
The rebound mirrored buoyancy in Asian markets, with the Kospi in South Korea, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng indices all trading higher.
Wall Street had also ended in the green on Tuesday, offering a positive handover to Asian markets.
Also read: Tesla India rents space for warehouse in Mumbai
"The strong fundamental factors that will support the market are India’s robust and improving macros and sustained flows into mutual funds, particularly the SIP inflows which are steady and growing. This reflects the coming of age of the Indian retail investor," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The market's upbeat tone came despite data showing that Foreign Institutional Investors (FIIs) offloaded shares worth ₹2,853.83 crore on Tuesday, according to stock exchange data.
Commenting on the morning momentum, Vikas Jain, Head of Research at Reliance Securities, said, "The market is expected to open on a positive note, supported by a global market rally driven by stronger-than-expected US job openings data, which helped lift investor sentiment despite ongoing concerns around President Donald Trump's tariff policies."
Oil prices, a key global macroeconomic indicator, remained soft, with Brent crude slipping 0.32 per cent to USD 65.42 per barrel.
On Tuesday, the Sensex had plunged 636.24 points or 0.78 per cent to close at 80,737.51, while the Nifty declined 174.10 points or 0.70 per cent to 24,542.50.
Follow us
