Ahead of Market: 10 things that will decide stock market action on Wednesday - The
Sensex and Nifty closed marginally lower as elevated crude oil prices and Fed uncertainty tempered sentiment. Smallcaps surged over 2%, midcaps gained over 1%, and market breadth favoured bulls, with 2,455 NSE stocks advancing.
The Indian stock market saw Sensex and Nifty ending Tuesday’s expiry session on a muted note with marginal losses as oil near $105 per barrel and other headwinds kept optimism in check, even as broader markets rallied.Sensex fell a little over 8 points to close at 73,599 while Nifty 50 fell over 3 points to end the session below 22,750. Nifty Smallcap 250 index meanwhile surged over 2% while Nifty Midcap 100 index rose over 1%.Here's how analysts read the market pulseIndian equities ended flat amid a volatile session, as elevated crude prices and caution ahead of the US Fed policy decision overshadowed supportive global cues, said Vinod Nair, Head of Research, Geojit Investments.
He noted that profit booking dragged IT and private banks, while pharma, autos, PSU banks and realty gained, with resilient broader-market participation pointing to selective domestic risk appetite.Healthy Q2 earnings and robust domestic flows continue to provide a cushion against persistent foreign selling. However, Brent above $115 and a weaker rupee pose risks to inflation, corporate margins and financing conditions, the analyst warned.
“Going forward, market direction will hinge on earnings resilience, crude trends, evolving developments in the West Asia crisis and the Fed’s policy signal,” he said.The Fed is widely expected to hold rates steady on Wednesday following an increase last month, though markets are pricing in at least two more hikes by mid-2027 as key inflation indicators remain elevated amid the ongoing US-Iran conflict.European marketsBrent crude prices reversed earlier gains and were down 1% at $114.74 a barrel while Europe's STOXX 600 index edged up 0.1%.In Europe, banks were in the spotlight as the continent's largest lender, HSBC, fell 6.7% after missing revenue expectations for the July-September quarter owing to slower growth at its wealth business.
Its pretax profit was in line with estimates.Most active stocks in terms of turnoverHDFC Bank (Rs 2,777 crore), Bharti Airtel (Rs 2,558 crore), Infosys (Rs 2,324 crore), ICICI Bank (Rs 2,244 crore), Ather Energy (Rs 2,161 crore), Ami Organics (Rs 1,765 crore), andSona BLW Precision (Rs 1,613 crore) were among the most active stocks on NSE in value terms. Higher activity in a counter in value terms can help identify the counters with the highest trading turnovers in the day.Most active stocks in volume termsVodafone Idea (Traded shares: 36.96 crore), Ola Electric Mobility (Traded shares: 33.20 crore), Yes Bank (Traded shares: 18.23 crore), Suzlon Energy (Traded shares: 12.56 crore), Tata Teleservices (Traded shares: 6.92 crore), JP Power (Traded shares: 4.47 crore) and Bank of Maharashtra (Traded shares: 4.24 crore) were among the most actively traded stocks in volume terms on NSE.Stocks showing buying interestOla Electric Mobility, OneSource Specialty, Ami Organics, Sun TV, Data Patterns, Prime Focus and Sina BLW Precision were among the stocks that witnessed strong buying interest from market participants.52-week highAmong the ones which hit their 52-week highs on NSE included Ami Organics, Sona BLW Precision, PVR Inox, Laurus Labs, IHCL and International Gemmological Institute.
What's next?Stocks seeing selling pressureStocks which witnessed significant selling pressure were Aegis Logistics, M&M Financial, Dalmia Bharat, Mazagon Dock Shipbuilders, Ambuja Cements, Cyient and Sumitomo Chemical.52-week lowAmong the ones which hit their 52-week lows on NSE included M&M Financial, Dalmia Bharat, Mazagon Dock Shipbuilders, Sumitomo Chemical, REC, IRB Infra Developers and Bharat Dynamics.Sentiment meter favours bullsOut of the 3,665 stocks that traded on the NSE on October 27, Tuesday, 2,455 stocks witnessed advances, 1,103 stocks saw declines while 107 stocks remained unchanged.
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