Equity markets opened higher on Wednesday, tracking firm global cues and early buying in select financial and energy stocks. The BSE Sensex gained around 150 points in opening trade, while the NSE Nifty moved above the 26,200 level, signalling a positive start to the session.
Buying interest was seen in energy and finance counters. Coal India rose in early trade, leading gains on the Nifty. Bajaj Finance and Shriram Finance also opened higher, supported by demand for lending stocks. NTPC advanced as power sector stocks traded firm, while Jio Financial Services saw modest gains.
In contrast, information technology stocks opened weak. Tech Mahindra and HCL Technologies slipped in early trade, reflecting cautious sentiment around the IT sector. Tata Consumer Products also traded lower, while Tata Motors passenger vehicle arm faced mild selling pressure. Dr Reddy’s Laboratories opened in the red amid mixed action in pharma stocks.
Broader markets were marginally positive, with mid-cap and small-cap indices showing slight gains at the open. Market participants remain cautious due to thin year-end volumes, though positive global trends provided early support.
Investors will continue to track global cues, currency movement and sector-specific developments through the day, with stock-specific action expected to dominate.