Despite high volatility during the trading session on Wednesday, Indian stock markets managed to close in the green.
The Sensex erased all the early losses and closed at 80,746, with a gain of 105 points, or 0.13 percent.
Similarly, the Nifty closed the intra-day trading session with a 0.14 per cent gain at 24,414, reclaiming the crucial 24,400 mark.
“Regarding Nifty, the highest open interest on the call side is concentrated at the 24,500 and 24,400 strike prices, while the highest open interest on the put side is seen at 24,300 and 24,400,” said Sundar Kewat of Ashika Institutional Equity.
He added that the Put-Call Ratio (PCR) stands at 0.98, indicating a relatively balanced market sentiment.
The markets opened weakly, with early losses triggered by uncertainty in the region. However, confidence returned as the day progressed.
The recovery came as easing global trade tensions, the finalisation of a free trade agreement (FTA) with the United Kingdom, and strong foreign inflows helped offset concerns stemming from rising geopolitical tensions between India and Pakistan.
Support from key sectors such as auto, real estate, and metals helped the indices recover, turning the mood positive by mid-session.
Tata Motors led the rally on the Sensex with a strong 5.2 percent jump, followed by Bajaj Finance, which gained 2.02 percent.
Eicher Motors rose 1.41 percent, matching Adani Ports’ gains, while Titan added 1.27 percent.
Other notable gainers on the index include Eternal (formerly Zomato), Mahindra and Mahindra, Tata Steel, and others.
On the losing side, Asian Paints fell the most, shedding 4 percent. Sun Pharma declined by 1.95 percent, ITC lost 1.3 percent, Nestle India dropped 1.06 percent, and Reliance Industries slipped 1.01 percent.
Broader markets also showed strong recovery. After suffering sharp losses in the previous session, the Nifty Midcap 100 and Nifty Smallcap indices bounced back sharply, each posting gains of around 1.5 percent.
All sectoral indices ended in the green, except for FMCG, pharma, and healthcare.
Auto, media, realty, and consumer durables led the gains, each rising over 1 percent.
Meanwhile, market volatility remained elevated as the India VIX—also known as the fear index—rose 3.58 percent to end at 19.
–IANS
