This is how analysts read the market pulse:
Global equity markets have experienced continued volatility due to rising Japanese bond yields and indications of monetary tightening by the BOJ, which are fueling risk sentiment in emerging markets, said Vinod Nair, head of research at Geojit Investments, adding that the focus now shifts to the upcoming US Fed meeting where interest rates are widely expected to be cut by 25 basis points. “However, internal divisions and mixed economic indicators may dampen expectations for further rate cuts in 2026. Indian markets reflected global caution, pressured by continued FII outflows, INR weakness and uncertainty around US-India trade talks despite ongoing discussions. In the near term, market direction will be influenced by central bank signals and clarity on trade developments,” Nair said.
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American markets
Wall Street’s major indexes were little changed on Wednesday ahead of a closely watched decision by the Federal Reserve that was widely expected to lead to a rate cut, even as concerns mounted about the size and pace of possible rate cuts in 2026.
The ongoing central bank meeting is likely to be one of the most divisive in years as policymakers strike a delicate balance between lowering borrowing costs to support the labor market and curbing any reacceleration in inflation. A prolonged absence of new economic data following the recent government shutdown, combined with uncertainty over who will lead the Federal Reserve next year, is adding to the challenges for policymakers.
European markets
European shares edged lower on Wednesday as investors took a cautious stance ahead of the US Federal Reserve’s interest rate decision, while also analyzing a series of corporate announcements.
The pan-European STOXX 600 fell 0.2% to 576.58, which would extend its losing streak to a fourth straight session.
Key regional benchmarks were also in the red, with those in Germany and Spain down 0.5% and 0.2% respectively.
British shares were mixed on Wednesday as investors refrained from placing big bets ahead of the US Federal Reserve’s interest rate decision.
The benchmark FTSE 100 index rose 0.1% by 1103 GMT, while the midcap FTSE 250 index fell 0.1%, reflecting broader caution in European markets ahead of the Fed’s widely expected 25 basis point rate cut.
Technical view
The bears remained in control as the Nifty revisited yesterday’s low, reinforcing a bearish bias, said Rupak De, Senior Technical Analyst at LKP Securities, adding that the index once again found support near the 50 EMA.
“The RSI on a daily basis has slipped out of the recent consolidation. Furthermore, the index has broken below the 50 percent retracement of the previous rise from 25,318 to 26,325, indicating weakness. In the short term, the index is likely to remain under pressure with immediate support at 25,700. A decisive decline below this level could open a correction towards 25,610 and 25,530. On the upside side, resistance is placed at 25,870 and 25,960-26,000,” said De.
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Most active stocks in terms of turnover
Kaynes Technology (Rs 5,604 crore), InterGlobe Aviation (Rs 3,467 crore), HDFC Bank (Rs 1,518 crore), BSE (Rs 1,300 crore), Dixon Technologies (Rs 1,248 crore), RIL (Rs 1,230 crore) and ICICI Bank (Rs 1,192 crore) were among the most active stocks by value on BSE. Higher activity in a counter in terms of value can help identify the counters with the highest trading turnover per day.
Most active stocks by volume
Vodafone Idea (shares traded: Rs 68.86 crore), YES Bank (shares traded: Rs 5.93 crore), Suzlon Energy (shares traded: Rs 5.91 crore), Reliance Power (shares traded: Rs 4.73 crore), Ola Electric Mobility (shares traded: Rs 3.76 crore), Tata Teleservices (shares traded: Rs 3.66 crore) and JP Power (shares traded: Rs 3.66 crore) 3.04 crore) were among the most actively traded stocks on NSE by volume.
Stocks that show buying interest
Shares of Balrampur Chini, Welspun India, Hindustan Zinc, Navin Fluorine, Century Ply, Lloyds Metals and EID Parry were among the stocks that witnessed strong buying interest from market participants.
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52 Week High
More than 74 stocks hit their 52-week highs today, while 136 stocks fell to their 52-week lows. Tata Motors CV and Eicher Motors were among those that hit 52-week highs.
Stocks see selling pressure
Stocks that witnessed significant selling pressure included Kaynes Technology, Dixon Technologies, Latent View Analytics, Eris Lifesciences, BSE, Triveni Engineering & Industries and MCX India.
Sentiment meter bullish
Market sentiment was bullish. Of the 4,337 shares traded on the BSE on Wednesday, 2,289 shares saw a decline, 1,898 rose, while 150 shares remained unchanged.
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(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of the Economic Times)
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