Stock Market Pre-Open: Nifty Up, Sensex Flat
In market pre-open on Wednesday the NSE Nifty 50 gained 0.14% at 23,700 points and Sensex opened flat at 78,021 points.
Rupee Opens Stronger Against US Dollar
The Indian rupee started the day on a strong note, gaining 8 paise to open at 85.68 against the US dollar, compared to its previous close of 85.76.
Meanwhile, the yield on the 10-year bond opened flat at 6.64%, marginally up from its previous close of 6.63%.
Source: Bloomberg
WeWork India’s IPO On Hold
The Securities and Exchange Board of India has put WeWork India’s initial public offering on hold. EQT-backed Indira IVF has withdrawn its draft papers, which were filed confidentially.
Source: SEBI
Stocks On Brokerages’ Radar Today
Brokerages chose Bajaj Finserv Ltd., Britannia Industries Ltd., Grasim Industries Ltd., Avenue Supermarts Ltd., and Hindalco Industries Ltd. for Wednesday’s recommendations.
Read more about it here
Oil Prices Inch Higher
Brent Crude surged in Wednesday’s session to trade at $73.28, up 0.33%. Meanwhile WTI Crude Oil was also up 0.35% trading at $69.24 per barrel.
The volatility comes in the wake of second round of tariffs set to be imposed by US President Trump starting April 2.
Gold Rates In India Witness Upsurge
Gold prices in India saw a surge, with the national average standing at Rs 88,010 per 10 grams on March 26, according to the India Bullion Association.
In New Delhi, the rate was Rs 87,700 per 10 grams, while Mumbai recorded a slightly higher rate of Rs 87,850. Kolkata had a lower rate of Rs 87,730, and Bengaluru stood at Rs 87,920. Chennai continued to witness the highest rate in the country at Rs 88,110.
US Market Update: Tech Rally Drives Stocks Higher
US stocks rose on Tuesday, driven by a rally in major tech companies, although gains were moderate following one of the best days in 2025.
The S&P 500 edged up 0.2% after a volatile session. Tesla Inc. extended its five-day surge to 28%, while Nvidia Corp. declined.
A four-year low in consumer confidence weighed on market sentiment, but traders continued to bet on Federal Reserve rate cuts this year.
Bond yields fell, the dollar stabilized, and oil prices dropped on news of a ceasefire agreement between Russia and Ukraine in the Black Sea
Asia Market Update: Stock Move With Little Change
Asian stocks saw modest gains in early trading on Wednesday as investors looked for a clear direction amid weaker US consumer confidence and a late rally in US equities.
The Nikkei gained 0.3%, Kospi was up 0.3%, Australia’s S&P/ASX 200 and the Hang Seng seng rose 0.7% each.
US futures were up, with contracts for the S&P 500 and Dow Jones Industrial Average gaining 0.7% each. The Nasdaq 100 was up 0.1%
Gift Nifty Above 23,700: Infosys, Maruti Suzuki May Move
On Wednesday, Gift Nifty was trading above the 23,700-mark at 23,757, as it gained 78 points or 0.33% as of 07:19 a.m.
Among stocks expected to see movement is Infosys Ltd. as its expansion through a new Dutch subsidiary might be viewed positively.
Conversely, Star Health and Allied Insurance Co.’s public rebuttal of regulatory concerns could either reassure or further agitate investors.
Maruti Suzuki India Ltd., however, faces a substantial potential liability, as the Income Tax Department’s draft assessment order for nearly Rs 3,000 crore will likely be a key factor in trade.
On Tuesday, Indian benchmark indices closed flat as Nifty 50 ended 0.04% up at 23,668.65 and BSE Sensex advanced 0.04% to 78,017.19.
. Read more on Markets by NDTV Profit.Gift Nifty was trading at 23,757 level on Wednesday, indicating strong start for the Nifty 50. Get live update for the stock market on March 26 here. Read MoreMarkets, Business, Notifications
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