Ahead of Market: 10 things that will decide stock market action on Wednesday
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Sensex gained 107 points to close at 81,107 while Nifty 50 rose 58 points on Monday.
- ✓Indian equities traded with a positive bias despite profit booking.
- ✓Vinod Nair said, "Improving FII participation and better-than-expected corporate earnings have strengthened expectations of an upgrade to the FY27 earnings outlook," supporting the current market sentiment.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Economic Times
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
The Indian stock market erased all early losses, with Sensex and Nifty ending the session in the green on Monday to resume the explosive rally around Diwali following a minor drop during the Muhurat Trading session.
Sensex gained 107 points to close at 81,107 while Nifty 50 rose 58 points to end the session at 25,045 on Monday. Broader markets remained mixed, with Nifty Smallcap 250 index slipping into the red and Nifty Midcap 100 index rising 0.6%.
Here's how analysts read the market pulse
Indian equities traded range-bound with a positive bias, as intermittent profit booking following the recent rally capped gains, said Vinod Nair, Head of Research, Geojit Investments. He noted that the weakness in IT and metal stocks also weighed on the benchmarks. Improving FII participation and better-than-expected corporate earnings have strengthened expectations of an upgrade to the FY27 earnings outlook, supporting market sentiment, he added.
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The Economic Times
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