The Indian equity markets started Wednesday with slight gains, supported by foreign investments and strong domestic earnings. By 9:23 am, Sensex rose by 122 points to 84,396, while Nifty climbed 50 points to 25,985. Broad-cap indices, including Nifty Midcap 100 and Nifty Smallcap 100, also showed positive movements.
All sectoral indices were in the green zone, with notable increases seen in Nifty consumer durables, auto, and metals. Market analysts noted that Nifty’s immediate support lies at 25,700-25,800 levels, with resistance at 26,000. The optimism surrounding the interim India–US trade deal and robust corporate earnings are bolstering the domestic market sentiment.
Despite concerns over AI and weak US economic data, Asia-Pacific markets mostly traded higher. In the US, December retail sales figures fell short of expectations, impacting consumer spending. Asian markets saw mixed performances, with gains in Japan’s Nikkei and South Korea’s Kospi, while China’s Shanghai index rose and Shenzhen declined.
On February 10, foreign institutional investors (FIIs) and domestic institutional investors (DIIs) were net buyers in the Indian market. In the previous session, benchmark indices continued their upward trend, led by sectors like auto, metal, and select consumption and healthcare stocks.
