On Wednesday, the markets had a careful opening which was a continuation of the previous day’s consolidation as traders took profits considering the mixed global cues, the renewed US tariff concerns, and the geopolitical tensions.

• The Sensex index opened the trading session at 84,620.40, which was less than the last close of 85,063.34 and trading was at 9:50 AM at 84,877.08, thereby experiencing a loss of 186.26 points (0.22%).
• On the other hand, Nifty 50 started at a much lower figure of 26,143.10, which was already below the previous high of 26,178.70, and then it was indicating an additional fall of 62.50 points (0.24%) at the level of 26,116.20..

Key Market Movers

• Top Gainers: Titan (+4.36%), Elecon (+8.94%), PC Jeweller (+6.74%), Thangamayil (+6.08%), Sonata (+5.11%)
• Top Losers: Cipla (-4.32%), M&M Financial (-3.55%), Ola Electric (-3.42%), ACI (-3.45%), CSB Bank (-3.32%)

The stock performance of Titan increased by nearly 5% and reached a new 52-week high due to a revenue increase of 40% Year-over-Year in Q3 FY26, which was mainly the result of jewellery sales. Besides, Kalyan Jewellers‘ revenue in Q3 FY26 increased by 42% thanks to the strong festive demand. Senco Gold’s stock was boosted by 14% after a very good Q3 update and so was Natco Pharma, whose stock grew by 2.5% because of the clarification on the ongoing litigation scenario.

Commodity & Currency Updates

• The rupee showed resilience by gaining 26 paise and settling at 89.92 against the US dollar, with support coming from declining crude oil prices and a weaker dollar.
• Brent crude oil price went down by 1.05% to $60.06 per barrel, and WTI lost its value by going down to $56.30.
• Gold and silver turned the tables after a week’s time and reached the highs of a week, as safe-haven buying was one of the factors that got them the support during the geopolitical tensions in Venezuela.

Corporate & Tech Highlights

• Infosys partners with AWS to boost enterprise adoption of generative AI; shares up 1% to ₹1,633.10.
• Hyundai Motor shares rose 15% on speculation of a tie-up with Nvidia.
• TP Solar produced 2.8 GW of solar cells and 2.9 GW of modules in nine months, reflecting strong growth.
• ACME Solar Holdings received commissioning certificate for a 12 MW wind project.
• Uno Minda showcases cutting-edge automotive technology at CES 2026 in Las Vegas.
• IIFL Capital may see TPG acquire at least 20% stake in India wealth management venture; stock recently hit 52-week high.

Expert & Broker Views

• GS and Nomura maintain “Buy” on Titan with targets ranging ₹4,500–4,850 due to strong jewellery growth.
• Jefferies maintains “Buy” on Lodha, citing record pre-sales and new project additions.
• Macquarie and CLSA maintain positive outlook on Tata Motors, Devyani, and JSW Energy amid sectoral recovery and margin improvements.
• Nuvama highlights Nifty 50 futures support at 26,190 to avoid further fall; Nifty Bank key support at 59,750.

Market Outlook: According to the analysts, the market will still undergo consolidation but there will be some selective increases in IT, metals, and consumer goods sectors. Geopolitical and macroeconomic fears may cause investors to buy precious metals as safe-haven assets, thus this trend may continue.