Indian Stock Market Opens Higher Despite Fresh Covid Concerns

Mumbai: The Indian benchmark indices opened upper on Wednesday amid combined international cues as purchasing used to be observed within the pharma, auto, PSU financial institution and fiscal provider sectors within the early industry. 

At round 9.35 am, Sensex used to be buying and selling 296.53 issues or 0.37 according to cent up at 81,482.97 whilst the Nifty added 88.90 level or 0.36 according to cent at 24,772.80

Nifty Bank used to be up 98.55 issues or 0.18 according to cent at 54,975.90. The Nifty Midcap 100 index used to be buying and selling at 56,028.55 after declining 154.10 issues or 0.27 according to cent. Nifty Smallcap 100 index used to be at 17,419.35 after losing 63.65 issues or 0.36 according to cent.

According to analysts, Indian fairness benchmarks declined sharply on Tuesday amid stories of accelerating COVID-19 circumstances in Southeast Asian international locations, like Singapore and Hong Kong.

“Technically, Nifty closed below its 5-day EMA for the first time since May 8, 2025, suggesting a shift to profit-booking. Support levels lie at 24,494 and 24,378, while resistance is expected in the 24,800-24,900 range,” mentioned Devarsh Vakil, Head of Prime Research at HDFC Securities.

In the absence of sturdy international cues, Indian markets are most likely to pick out up from the place they left off the day before today, he added.

Meanwhile, within the Sensex pack, Sun Pharma, HDFC Bank, Tech Mahindra, TCS, Nestle India, Maruti Suzuki, ICICI Bank, ExtremelyTech Cement and Hindustan Unilever had been the highest gainers. Whereas, Eternal, Kotak Mahindra Bank, IndusInd Bank and NTPC had been the highest losers.

In the Asian markets, China, Hong Kong, Bangkok, Seoul and Jakarta had been buying and selling in inexperienced. while Only Japan used to be buying and selling in pink.

In the remaining buying and selling consultation, Dow Jones in the USA closed at 42,677.24, down 114.83 issues, or 0.27 according to cent. The S&P 500 ended with a lack of 23.14 issues, or 0.39 according to cent, at 5,940.46 and the Nasdaq closed at 19,142.71, down 72.75 issues, or 0.38 according to cent.

The spike in uncertainty and possibility is impacting the marketplace reasonably swiftly. Yesterday’s FII promote determine of Rs 10,016 crore is a significant reversal in their large purchasing in May and if this persists, it has the prospective to affect the marketplace, mentioned mavens.

“Credit rating downgrade of US sovereign debt and the consequent spike in US bond yields, spike in Japanese Govt Bond yields, rising COVID cases in some parts of India and reports of a possible Israel attack on Iran are doing the rounds, and combination of these all factors may be responsible for this sudden reversal in FII activity,” they discussed.

According to provisional knowledge from the NSE, overseas institutional buyers (FIIs) bought Indian equities value Rs 10,016.10 crore on May 20, whilst home institutional buyers (DIIs) had been web consumers to the track of Rs 6,738.39 crore.