After 4 straight periods of positive factors, Indian markets took a breather on Wednesday. Sensex slipped 153 factors to shut at 81,773, and Nifty misplaced 62 factors to finish close to 25,046 — as traders booked earnings forward of the Q2 earnings season.
Financials led the autumn, down about half a p.c, snapping a six-day rally that had added 3%. Auto shares additionally got here below stress — Tata Motors dropped over 2% after JLR warned of decrease Q2 volumes.
On the brighter facet, IT shares stayed agency. The Nifty IT index jumped 1.5% forward of TCS outcomes, with TCS itself up practically 2%. Titan was the highest gainer of the day, surging over 4% on a powerful pre-quarter replace.
Broader markets too noticed some weak spot — small-caps down 0.5%, mid-caps off 0.7%.
Skilled Take
Vinod Nair of Geojit Investments says the market paused after a pointy rally as traders turned cautious forward of earnings.
He factors out that whereas international cues — just like the U.S. shutdown and Fed minutes — stay in focus, home earnings, macro information, and the festive season will now drive sentiment.
World Cues
Globally, equities edged increased as hopes of fee cuts lifted sentiment.
However gold stole the highlight — hovering previous $4,000 an oz for the primary time ever — as traders rushed to security amid political and financial uncertainty.
European shares rose 0.4%, at the same time as BMW tumbled 7% after trimming its 2025 forecast. U.S. futures have been mildly constructive.
Commodities & Foreign money
Oil costs gained over 1% after OPEC+ introduced a smaller-than-expected manufacturing hike — Brent settled round $66 a barrel.
The rupee, in the meantime, held regular at 88.79 per greenback, with merchants hinting at potential RBI intervention to include volatility.
That’s your market wrap for the day. I’m Neha Vashishth, and also you’re watching ET Market Watch. Keep tuned for all of the updates as Q2 earnings season kicks off.
