News India Live, Digital Desk: The Indian benchmark index opened with an edge on Wednesday amid mixed global signals. In early trade, purchases were observed in pharma, auto, PSU banks and financial services sectors.
At around 9.35 am, the Sensex was trading at 296.53 points or 0.37 per cent to 81,482.97, while the Nifty was trading 88.90 points or 0.36 per cent to 24,772.80.
The Indian equity benchmark declined on Tuesday amid reports of Kovid-19 cases in Southeast Asian countries like Singapore and Hong Kong.
Prime Research Head, Head of Prime Research, HDFC Securities, said, “Technically, the Nifty closed down from its 5-day EMA for the first time since May 8, 2025, indicating a change towards profits. The support levels are at 24,494 and 24,378, while resistance is expected to be in 24,800-24,900 range.”
He said that in the absence of strong global signals, the Indian markets will move forward from where they stopped tomorrow.
Meanwhile, the companies included in the Sensex were the highest profit among Sun Pharma, HDFC Bank, Tech Mahindra, TCS, Nestle India, Maruti Suzuki, ICICI Bank, UltraTech Cement and Hindustan Unilever. While Eternal, Kotak Mahindra Bank, IndusInd Bank and NTPC were the most damaged.
In the Asian markets, China, Hong Kong, Bangkok, Seoul and Jakarta were trading on the green mark, while only Japan was trading on the red mark.
In the last trading session, Dow Jones in the US closed at 42,677.24 in the US at 114.83 points, or 0.27 per cent. S&P 500 closed at 5,940.46 at 5,940.46 and Nasdaq fell 72.75 points, or 0.38 per cent, at 19,142.71.
Uncertainty and risk increase in risk is unexpectedly affecting the market. Experts say that the number of sales of Rs 10,016 crore by FIIs is quite reversed in May and if it continues, it is likely to affect the market.
He said, “The report of the decline in credit rating of American sovereign debt and an increase in the American bond yield, the increase in the bond yield of the Japanese government, the growing Kovid case in parts of India and the possible Israeli’s possible attack on Iran are reported and all these factors may be responsible for this sudden reverse in FII activity.”
According to provisional NSE data, foreign institutional investors (FIIs) sold Indian equity worth Rs 10,016.10 crore on 20 May, while domestic institutional investors (DIIs) were pure buyers of Rs 6,738.39 crore.
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