The Indian stock market opened on a flat note on Wednesday following a strong rally in the previous session. At 9:20 AM, the BSE Sensex dipped slightly by 12.50 points (0.02%) to 78,571.31, while the NSE Nifty inched up 19.65 points (0.08%) to 23,758.90.

 

Top Gainers & Losers

 

Among the Sensex stocks, IndusInd Bank led the gainers, rising 1.79% to ₹1,066.90, followed by Titan Company (up 1.13% to ₹3,639.65) and Bajaj Finance (up 0.98% to ₹8,563.15).

 

On the losing side, Asian Paints dropped the most, falling 4.28% to ₹2,254.40. Nestle India declined 2.41% to ₹2,245.00, while Sun Pharma was down 0.83% at ₹1,752.30.

 

Ola Electric in Focus

 

Shares of Ola Electric Mobility gained 1.10% to ₹75.69 as the company prepared to launch its Roadster X electric motorcycle. The stock had already risen 2.35% in the previous session.

 

Sectoral Performance

•Oil & Gas was the top-performing sector, rising 1.20% to 10,607.80, driven by falling global crude prices.

•PSU Banks gained 1.12%, while Financial Services (Ex-Bank) added 0.78%.

•On the downside, FMCG stocks fell 0.62%, followed by Auto (-0.25%) and Healthcare (-0.22%).

 

Crude oil prices remained under pressure, with Brent crude trading at $75.85 per barrel (-0.46%), while WTI crude stood at $72.46 per barrel (-0.33%).

 

Recap of Tuesday’s Rally

 

The market had surged on Tuesday, with Sensex jumping 1,397 points (1.81%) to 78,583.81 and Nifty climbing 378 points (1.62%) to 23,739.25. Oil & gas, financial services, and PSU banks drove the rally after suffering losses earlier due to global trade tensions.

 

Larsen & Toubro was the top gainer, soaring 4.76% to ₹3,443.60, while Adani Ports (+3.83%) and IndusInd Bank (+3.50%) also saw strong gains.

 

Market analysts suggest that Nifty’s current technical position indicates further upside, with key resistance at 24,060. However, a close below 23,381 could weaken the bullish outlook.