The Indian stock market opened in green on Wednesday as buying was seen in the public sector enterprise (PSE) and IT sectors in early trade. Till 9:36 am, the Sensex had risen 248.37 points or 0.31 per cent to 80,094.12 while the Nifty had advanced 76.90 points or 0.31 per cent to 24,534.05.
The market trend remained positive. At the National Stock Exchange, 1,851 stocks traded in green, whereas 409 stocks were red in colour.
Experts feel the market has remained resilient with the challenges, hence they would advise people to continue being invested.
The signals from the market are a bit confusing. It has ignored the sharp slowdown in Q2 GDP growth. It is remaining resilient despite the massive FII selling. There are many likely headwinds from the Trump presidency. The valuations are elevated with Nifty trading around 20 times estimated FY26 earnings," they explained.
In this context, investors should follow a cautious investment strategy with asset allocation as the underlying principle.
"Given the market has been showing resilience against challenges, it does make sense to stay invested," they said.
Nifty Bank rose 127.60 points or 0.24 per cent to 52,823.35. Nifty Midcap 100 index was at 57,797.45 after a gain of 288.45 points or 0.50 per cent. Nifty Smallcap 100 index stood at 19,162 after gaining 158.45 points or 0.83 per cent.
In the Sensex pack, the major gainers were NTPC (NS:NTPC), Tech Mahindra (NS:TEML), L&T, ITC (NS:ITC), TCS (NS:TCS), Infosys (NS:INFY), IndusInd Bank (NS:INBK), M&M (NS:MAHM) and HCL Tech (NS:HCLT). The biggest losers in the Sensex pack were Bharti Airtel (NS:BRTI), Reliance (NS:RELI), ICICI Bank (NS:ICBK), Ultra Tech Cement and Hindustan Unilever (NS:HLL).
Markets trading in red were found mainly at Asian markets: Seoul, Bangkok, and China; others were trading in green--Japanese, Hong Kong and Jakarta.
US stock markets reflected an end for the day at S&P 500 up 0.05 percent and Nasdaq composite at 0.40 percent higher, meanwhile closing after trading at 0.17 percent lower at the last trading day of the previous day.
Foreign institutional investors (FIIs) bought equities worth Rs 3,664 crore in the Indian market on December 3, while domestic institutional investors sold equities worth Rs 250 crore on the same day.
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