New Delhi: Domestic stock markets opened on a positive note on Wednesday, despite lingering uncertainty in West Asia and ongoing disruptions in the global energy sector that continued to weigh on sentiment.
The Nifty 50 index began the session at 24,096.90, rising 101.20 points or 0.42 per cent, while the BSE Sensex opened at 77,245.83, up 358.92 points or 0.47 per cent.
Market experts noted that despite ongoing global uncertainties, Indian equities are showing resilience, supported by expectations of stability and the positive momentum seen in the previous month.
Banking and market expert Ajay Bagga said the situation in the Gulf remains unclear, with mixed signals surrounding U.S.-Iran developments.
He said, “The Gulf situation remains muddled. Trump posted that Iran is in a bad shape and wants a deal. On the other hand, the WSJ published a lead article where it said Trump has chosen not to escalate nor withdraw, but to continue the blockade for an extended period to bring Iran to the negotiation table. Asian markets are down this morning on the US tech sell off impact and on higher oil prices continuing”.
However, he cautioned that with a long weekend ahead and lingering uncertainty, market activity could remain subdued in the near term.
Sector-wise, all major NSE indices opened in positive territory. Nifty Auto rose 0.95 per cent, Nifty FMCG gained 0.43 per cent, Nifty Pharma advanced 0.61 per cent, Nifty IT climbed 0.54 per cent, and Nifty Media increased 0.67 per cent in early trade.
VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said that while developments in the Gulf are significant, the energy crisis linked to the closure of the Strait of Hormuz remains unresolved.
He said, “Even though there are important developments happening in the Gulf region, there is no solution to the energy crisis caused by the closure of the strait of Hormuz. UAE’s decision to quit OPEC might have a bearing on crude prices in the medium term but it is unlikely to ease crude prices in the near-term. There are indications that the US-Iran stand off may continue much longer”.
He also warned that the ongoing U.S.-Iran standoff could persist, keeping crude prices elevated—a negative factor for India, as sustained high oil prices pose risks to both economic growth and inflation.
Brent crude was trading around USD 111 per barrel, remaining at elevated levels.
Meanwhile, several companies—including Bajaj Finance, Adani Power, Vedanta, Indian Bank, Waaree Energies, Federal Bank, Indian Overseas Bank, Schaeffler India, and Motilal Oswal Financial Services—are scheduled to announce their fourth-quarter FY26 earnings on Wednesday.
In other Asian markets, a mixed trend was observed. Singapore’s Straits Times fell 0.52 per cent to 4,862, Taiwan’s weighted index declined 0.59 per cent to 39,371, while Hong Kong’s Hang Seng rose 1.10 per cent to 25,962 and South Korea’s KOSPI gained 0.20 per cent to 6,652.
(DD News)
