Stock Market Live Updates, Indian Share Market News Today: Indian equity markets are poised for a positive opening on Wednesday, supported by strong global cues as investors await key growth data due later this week.
As of 8:25 AM, the GIFT Nifty was up 110 points or 0.42%, trading at 26,165.
Asian markets extended their rally for the third consecutive session amid rising expectations of a US Federal Reserve rate cut. All major indices were in the green, led by Japan’s Nikkei and South Korea’s Kospi, both up nearly 2%.
Overnight, Wall Street closed higher after weak US consumer data strengthened hopes of a rate cut next month. The S&P 500 gained 0.91%, while the Nasdaq added 0.67%.
Alphabet Inc. surged 1.53% to a record close of $323.44, inching closer to a $4 trillion valuation — a milestone achieved by only three companies so far.
Nifty Levels To Watch
If the early strength holds, the Nifty50 could face resistance at 26,130, followed by 26,250–26,300, which remain the key upside targets, according to Ponmudi R, CEO of Enrich Money.
On the downside, intraday support has moved higher to 25,950–25,900, with 25,850 offering a secondary cushion in case of profit-taking.
IPOs today
The mainboard segment will remain inactive today.
In the SME space:
- SSMD Agrotech India Ltd. IPO enters its second day.
- K K Silk Mills Ltd. and Mother Nutri Foods Ltd. IPOs open for bidding.
Listings today
- Gallard Steel Ltd. will make its debut on the SME platform.
- Excelsoft Technologies Ltd. will list on the mainboard segment.