The Indian stock market closed in the green on Wednesday, with Sensex and Nifty recording marginal gains after wiping off most of their intraday gains.
Sensex rose over 130 points to close at 77,185, while Nifty 50 gained over 26 points to end the session at 24,078 on Wednesday. This came while the volatility measure India VIX dropped over 3% to 13.27.
While the benchmark indices have closed in the green, Sensex dropped 461 points from its intraday high of 77,185, and Nifty wiped off most of its gains after rising as high as 24,220 earlier during the session.
Here are today’s top gainers on Nifty
Here are today’s top gainers on Sensex
Here are today’s top losers on Nifty
Here are today’s top losers on Sensex
What lies ahead?
However, the ongoing Q1 FY27 earnings season is expected to provide support to market through stock-specific action, Khemka said. "Investor focus will also remain on Federal Reserve Chair’s inaugural testimony, the US Producer Price Index (PPI) and earnings from Wipro, Tech Mahindra, Polycab, Piramal Finance, Jio Financial Services, ITC Hotels, Paytm and BHEL among others on Thursday," he added.
Nifty traded in a range with high volatility and closed marginally higher on Wednesday session, forming a doji candle with a long upper shadow that signals selling pressure at higher levels amid elevated crude oil prices, said Bajaj Broking.
"We expect the index to extend the recent consolidation and trade in the range of 23,800-24,350. Within the consolidation last Friday’s gap area and Monday's low of 24,000-23,950 will act as immediate support, holding above the same will lead to pullback towards 24,250-24,350 levels being the upper band of the recent consolidation range," it added.
"Short term support is placed at 23,800-23,900 levels being the confluence of the almost identical low of the last 4 weeks and 50 days EMA. While only a breakout above 24,350 will signal strength and open upside towards 24,600 levels being the high of April 2026," the domestic brokerage further said.
