Market participants are also bracing for the US Federal Reserve’s policy decision expected on Wednesday, with the central bank widely expected to leave interest rates unchanged, adding to the cautious undertone of early trading.At the close, the Sensex rose 320 points or 0.39% to 81,857, while the 50-share Nifty ended the session 126 points higher or 0.51% to 25,175. On the BSE, the advance-to-decline ratio tilted in the bears’ favor with 1,985 stocks rising, 2,306 falling and 182 unchanged.
This is how analysts read the market pulse:
“Market sentiment was buoyed by optimism around the India-European Union FTA and expectations that the US could ease tariff-related measures linked to India’s imports of Russian oil. Adding to the positive undertone, Prime Minister Narendra Modi on Tuesday announced the conclusion of a landmark free trade pact between India and the EU, covering economies that together account for nearly a quarter of global GDP and about a third of global trade,” Ashika Institutional Equities said.
“The President of the European Commission called the agreement a historic breakthrough and described it as the ‘mother of all deals’, noting that India and the EU would also undertake joint naval exercises to combat piracy. The deal is expected to create millions of jobs in both regions, further supporting investor confidence.”
American markets
The S&P 500 and Nasdaq advanced Wednesday as investors ran through a range of indicators, while health insurers fell after a Medicare Advantage payment proposal from the Trump administration disappointed investors.
The S&P 500 inched closer to record levels, hovering about 35 points below the 7,000 mark — a figure that analysts have seen as a potential source of technical resistance. The Dow Jones fell, pressured by a 19% decline in UnitedHealth after the Trump administration implemented only a modest increase in Medicare insurers’ payment rates.
The proposal clouded the insurer’s 2026 adjusted profit forecast, which was above analysts’ expectations. Peers Humana and CVS fell 19% and 9.2%, respectively.
European markets
European shares rose on Tuesday, supported by a series of positive business catalysts that allayed investor concerns over recent trade tensions, while Puma shares jumped after the sportswear maker sold a stake to China’s Anta Sports.
The gains underscore how investors are relying on company-specific factors to guide market sentiment in an increasingly uncertain macroeconomic environment.
The pan-European STOXX 600 benchmark was up 0.2% at 0940 GMT. Banks rose 1.2%, reaching their highest level since May 2008.
Technical view
“Technically, after an early morning intraday dip, the market found support near 24,900/81,000 and recovered sharply. From the day’s low, the market rose above 300/950 points. On the daily charts, the index has formed a long bullish candle, and on intraday charts it formed a promising reversal pattern, which is largely positive.” This was said by Shrikant Chouhand, head of equity research at Kotak Securities.
“We believe that 25,000/81,400 and 24,900/81,000 would act as key support zones. As long as the market trades above these levels, a pullback formation is likely to occur. On the higher side, 25,200/81,800 would be the immediate resistance zone for the bulls. A successful breakout of 25,200/81,800 could take the market higher pushing to 25,300-25,350/82,200-82,400.
On the other hand, sentiment could change below 24,900/81,000. If the market falls below this level, traders may prefer to exit their long positions.”
Most active stocks in terms of turnover
HDFC Bank (Rs 4,104 crore), Reliance Industries (Rs 3,634 crore), ICICI Bank (Rs 3,415 crore), Axis Bank (Rs 2,984 crore), Eternal (Rs 2,701 crore), M&M (Rs 2,425 crore) and Bharti Airtel (Rs 2,077 crore) were among the most active stocks by value on NSE. 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 56.66 crore), Bharat Coking Coal (shares traded: Rs 13.15 crore), YES Bank (shares traded: Rs 11.19 crore), Eternal (shares traded: Rs 10.61 crore), PCJeweller (shares traded: Rs 9.12 crore), GTL Infra (shares traded: Rs 7.2 crore) and Ola Electric Mobility (shares traded: Rs 7.2 crore) shares: 6.58 crore) were among the most actively traded stocks on NSE by volume.
Stocks that show buying interest
Shares of Adani Enterprises, Axis Bank, JSW Steel, Adani Ports and Grasim were among the stocks that witnessed strong buying interest from market participants.
52 Week High
Data on NSE shows that 44 stocks hit their 52-week high today, while 580 stocks fell to their 52-week low. Among those that hit 52-week highs were Axis Bank, Hindalco, JSW Steel, Hindustan Zinc and NALCO.
Stocks see selling pressure
Stocks that witnessed significant selling pressure included M&M, Asian Paints, Kotak Mahindra Bank, Max Health and Maruti Suzuki India Ltd.
Sentiment meter bullish
Market sentiment was still bearish as evidenced by the earlier decline on the BSE. Of the 4,473 shares traded on the BSE on Tuesday, 1,947 shares saw a decline, 2,325 rose, while 181 shares remained unchanged.
(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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