Market breadth remained positive with 2,098 stocks advancing against 1,934 declining stocks on the BSE, while 184 remained unchanged. 

Markets maintained their positive trajectory in afternoon trading on Wednesday, with both benchmark indices building on modest morning gains as banking and financial stocks provided support ahead of the Federal Reserve’s policy decision next week.

The Sensex traded at 81,565.14 at 2.15 pm, gaining 139.99 points or 0.17 per cent from its previous close of 81,425.15. The Nifty 50 stood at 25,012.25, up 39.15 points or 0.16 per cent from its previous close of 24,973.10. Both indices had opened lower but recovered ground during the session.

Banking and financial services indices outperformed the broader market, with Nifty Bank advancing 197.60 points or 0.36 per cent to 54,714.20 and Nifty Financial Services gaining 77.45 points or 0.30 per cent to 26,200.50. The Nifty Next 50 rose 192.50 points or 0.28 per cent to 67,946.30, while the Nifty Midcap 100 remained nearly flat with a marginal gain of 17.75 points or 0.03 per cent to 58,014.00.

Shriram Finance emerged as the top gainer on the Nifty 50, surging 2.63 per cent to ₹620.70 from its previous close of ₹604.80. Adani Enterprises followed with a gain of 2.11 per cent to ₹2,389.60, while NTPC advanced 1.90 per cent to ₹331.85. Axis Bank contributed to the financial sector’s strength with a 1.30 per cent rise to ₹1,084.00, and Power Grid climbed 1.25 per cent to ₹286.50.

On the downside, Infosys led the losers, declining 1.34 per cent to ₹1,512.00 from its previous close of ₹1,532.60. Bajaj Auto matched this decline, falling 1.34 per cent to ₹9,120.00. SBI Life Insurance dropped 1.08 per cent to ₹1,813.90, while Wipro shed 1.03 per cent to ₹253.11 and Eicher Motors declined 0.91 per cent to ₹6,774.00.

Market breadth remained positive with 2,098 stocks advancing against 1,934 declining stocks on the BSE, while 184 remained unchanged. A total of 103 stocks hit 52-week highs compared to 38 touching 52-week lows. Additionally, 203 stocks hit upper circuit limits while 160 touched lower circuits.

The afternoon session reflected continued cautious optimism among investors as they assessed mixed global signals and domestic institutional flows. Domestic institutional investors provided robust support with net inflows of ₹4,963.53 crore, while foreign institutional investors remained marginally negative at ₹33.55 crore outflows.

Technical analysts noted that the Nifty 50 had successfully broken out of its four-day consolidation phase, with key resistance levels identified at 25,050-25,100 and support at 24,850. The banking sector continued to trade within a descending broadening wedge pattern, with Bank Nifty finding support at 54,350-54,100 levels.

Global factors continued to influence sentiment, with cooling US inflation data supporting expectations of a Federal Reserve rate cut next week. However, concerns persisted over potential trade tensions following reports regarding EU tariffs on Indian goods. Market participants maintained a wait-and-watch approach ahead of key policy announcements and global developments.

Published on September 11, 2025