Stock Market, Nifty 50, Sensex Today Live Updates: The Indian stock market opened on a flat note on Wednesday, with the BSE Sensex trading at 85,151, up 12 points or 0.01%, while the Nifty50 slipped 18 points, or 0.07%, to 26,014 in early trade.
In the broader market, the Nifty MidCap declined 0.14%, and the Nifty SmallCap edged down 0.02%.
Sectorally, the Nifty IT and Nifty Pharma rose 0.5% each as the Indian rupee touched record lows. These export-oriented sectors typically benefit from a weaker rupee, as companies earn a significant portion of their revenues in dollars while most costs remain rupee-denominated.
On the downside, the Nifty PSU Bank index slipped 0.6%.
Global cues
Asia-Pacific markets traded mostly higher on Wednesday, following a tech-led rebound on Wall Street and a sharp recovery in cryptocurrencies.
Japan’s Nikkei 225 gained 0.76%, while the broader Topix slipped 0.31%.
In South Korea, the Kospi advanced 1.06%. Revised third-quarter GDP data showed the economy expanded 1.8% year-on-year, slightly above the earlier estimate of 1.7%, as per the central bank.
Australia’s S&P/ASX 200 rose 0.32%, even as third-quarter GDP growth missed expectations. The economy grew 2.1% year-on-year—its fastest pace since Q3 2023—but fell short of the 2.2% forecast in a Reuters poll.
US stock futures were steady in early Asian trade after overnight gains on Wall Street, where the Dow rose 0.39%, the S&P 500 added 0.25%, and the Nasdaq climbed 0.59%.
Investors will also track US September trade data, US November global composite and services PMI numbers, and a speech by Christine Lagarde, President of the European Central Bank.