Ahead of Market: 10 things that will decide stock market action on Wednesday

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The Indian market ended slightly higher on Tuesday, mirroring a rally in Asian peers, as investors looked ahead to developments in trade negotiations with the U.S. before the upcoming July 9 tariff deadline.

The BSE Sensex advanced 90.83 points, or 0.11%, to close at 83,697.29, while the NSE Nifty gained 24.75 points, or 0.1%, to settle at 25,541.80.

Here’s how analysts read the market pulse:

Domestic indices traded within a narrow range, following last week’s strong rally driven by easing geopolitical tensions and optimism over a potential U.S. trade deal, said Vinod Nair, Head of Research at Geojit Financial Services, adding that investors are closely monitoring developments, seeking clarity on U.S. tariffs as the 90-day pause approaches its end.

“Additionally, confidence in domestic earnings growth remains crucial for sustaining market sentiment, with Q1FY26 results, set to begin next week, expected to provide further insight. Meanwhile, multiple tailwinds, including a favourable monsoon, declining inflation, including benign crude prices, and government efforts to boost demand, are anticipated to lend continued support to investor sentiment,” said Nair.

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Tech View

The Nifty remained mostly range-bound before closing flat, and on the hourly chart, the index has been sustaining above the 21-EMA, said Rupak De, Senior Technical Analyst at LKP Securities, adding that on the option front, decent Put writing seen at 25,500 strike; while, strong Call writing was visible at 25,600. “For the short term, support is seen at 25,500; a decisive fall below this level might trigger long unwinding in the market. However, if the index holds above 25,500, a recovery could emerge, potentially pushing the Nifty towards 25,600–25,800 in the short term,” said De.Also read | Warren Buffett’s biggest investment isn’t Apple, BofA or Coca-Cola — it’s a stock hidden in plain sight

Most active stocks in terms of turnover

Raymond (Rs 1,869 crore), Reliance Industries Ltd (Rs 1,579 crore), BEL (Rs 1,530 crore), HBL Power (Rs 1,489 crore), HDFC Bank (Rs 1,446 crore), Apollo Hospital (Rs 1,404 crore) and Dixon Tech (Rs 1,244 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with the highest trading turnovers on the day.

Most active stocks in volume terms

Vodafone Idea (Traded shares: 66.81 crore), IDFC First Bank (Traded shares: 12.94 crore), JP Power (Traded shares: 12.73 crore), YES Bank (Traded shares: 7.91 crore), NMDC (Traded shares: 5.02 crore), Suzlon Energy (Traded shares: 4.93 crore) and Bank of Maharashtra (Traded shares: 4.82 crore) were among the most actively traded stocks in volume terms on NSE.

Stocks showing buying interest

Shares of Blue Dart, Raymond, Asahi India Glass, IDFC First Bank, City Union Bank, RBL Bank and Amber Enterprises were among the stocks that witnessed strong buying interest from market participants.

52 Week high

Over 168 stocks hit their 52-week highs today, while 46 stocks slipped to their 52-week lows.

Stocks seeing selling pressure

Stocks which witnessed significant selling pressure were Coromandel International, Caplin Point, Authum Investment, Go Digit General Insurance, JSW Holdings, Firstsource and Home First Finance.

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Sentiment meter neutral

The market sentiments were neutral. Out of the 4,164 stocks that traded on the BSE on Tuesday, 1,989 stocks witnessed declines, 2,021 saw advances, while 154 stocks remained unchanged.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

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