Indian equity benchmark indices began Wednesday’s trading session on a positive note, defying weak global signals. The BSE Sensex surged 138.11 points to open at 80,295.99, while the NSE Nifty 50 climbed 36.9 points to start the day at 24,616.50. This followed a mildly positive close in the previous session, where the Sensex ended at 80,157.88 and the Nifty at 24,579.60.
Broader market indices also mirrored the upbeat sentiment. The BSE Midcap index was up by 55.23 points or 0.12%, while the BSE Smallcap index gained 52.98 points or 0.10%, trading at 52,605.72 during early market hours.
Among the Sensex constituents, Tata Steel led the gainers, rising nearly 1% in early trade. Other notable performers included Bharat Electronics Limited (BEL), Eternal, ITC, and Axis Bank. On the flip side, Infosys emerged as the top laggard, slipping 0.88%. Other underperformers included Trent, Hindustan Unilever, Bharti Airtel, and Bajaj Finance.
Market breadth remained positive with 1,453 stocks trading in the green on the Nifty pack, while 863 stocks were in the red. Eighty-six stocks remained unchanged, indicating a largely bullish start despite global headwinds.
Gift Nifty, often considered an early indicator of Nifty 50 trends, hinted at a weak start earlier in the day. It opened 55.5 points lower at 24,610.50 compared to its previous close of 24,666. However, domestic optimism appeared to override global negativity in the opening session.
On the technical front, Hariprasad K, SEBI-registered Research Analyst and Founder of Livelong Wealth, provided insight into key levels to watch. “Technically, Nifty 50 now faces immediate resistance at 24,600, with support placed at 24,550 and 24,430. Sustaining above 24,734 is crucial for any bullish reversal, while a rejection near 24,600 could open the door for deeper downside,” he noted.
From a fund flow perspective, Foreign Institutional Investors (FIIs) continued their selling spree, offloading equities worth ₹1,171.04 crore on Monday, September 1, 2025. In contrast, Domestic Institutional Investors (DIIs) stepped in as net buyers, purchasing equities worth ₹2,433.82 crore, indicating strong local support despite global unease.
Globally, Asian markets reflected a cautious tone. Japan’s Nikkei 225 declined by 295.49 points or 0.70% to trade at 42,006. Hong Kong’s Hang Seng Index also dropped 108.55 points or 0.43%. Meanwhile, China’s Shanghai SSE Composite shed 37.15 points or 0.96%. South Korea’s Kospi was an exception, inching higher by 6.41 points in early trade.
Despite negative cues from Wall Street and major Asian indices, Indian markets appeared resilient, supported by domestic buying and select stock-specific actions. The day ahead will hinge on whether the Nifty can sustain above resistance levels or if selling pressure re-emerges near the 24,600 mark.
