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10 things that will decide D-Street action on Thursday

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The Indian market ended higher on Wednesday, with the Sensex and Nifty closing less than 1% shy of record highs, as investors positioned for an expected U.S. Federal Reserve rate cut and optimism over a potential U.S.-China trade truce buoyed sentiment.

The S&P BSE Sensex rose 0.44% to 84,997.13, up 368.97 points, while the NSE Nifty 50 gained 0.45% to finish at 26,053.90.

Here's how analysts read the market pulse:
The domestic market ended on a strong note, supported by positive cues from Asian markets and improved clarity on global trade dynamics, said Vinod Nair, Head of Research at Geojit Investments.


“Optimism over potential progress in India–U.S. trade talks further lifted sentiment. Oil stocks led the rally as crude prices eased expectations of higher OPEC+ output, while metal stocks advanced amid firm commodity prices and supply constraints,” said Nair.


The upcoming Fed decision remains a key event for global markets, Nair said, adding that although a 25-bps rate cut is widely anticipated, investors will closely track its commentary for further rate cuts, which will guide the future market trajectory.

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US Markets
Wall Street's main indexes hit record highs on Wednesday, with Nvidia becoming the first company to surpass a $5 trillion valuation, while investors awaited an expected Federal Reserve rate cut and a wave of Big Tech results.

Shares of Nvidia rose 4.7%, storming past the milestone after CEO Jensen Huang announced $500 billion in AI chip orders and plans to build seven supercomputers for the U.S. government.

The stock has risen about 50% so far this year, and has been among the top boosts to U.S. equities in 2025. Apple briefly topped $4 trillion in market cap on Tuesday, while Microsoft trades above that level.

European markets
European stocks hovered near recent highs on Wednesday, with sentiment helped by new AI deals and the prospect of improving U.S.-China trade relations, while traders waited for a U.S. Federal Reserve meeting, expecting a 25-basis-point rate cut.

Wall Street closed at a record high on Tuesday, after Nvidia announced that it would build seven supercomputers for the U.S. Department of Energy, and Microsoft reached a deal allowing OpenAI to restructure. European stocks hovered near recent highs on Wednesday, with sentiment helped by new AI deals and the prospect of improving U.S.-China trade relations, while traders waited for a U.S. Federal Reserve meeting, expecting a 25-basis-point rate cut.

Wall Street closed at a record high on Tuesday, after Nvidia announced that it would build seven supercomputers for the U.S. Department of Energy, and Microsoft reached a deal allowing OpenAI to restructure.

Tech View
Optimism over progress in the U.S.-China deal took the Nifty higher, said Rupak De, Senior Technical Analyst at LKP Securities, adding that market participants, however, preferred to wait ahead of the Fed rate decision and its forward-looking commentary before pushing the index above the recent high.

“Sentiment remains intact with a strong bullish technical setup. Initial support is placed at 25,850, below which the index might slip into a consolidation zone. On the higher end, once Nifty decisively moves above 26,100, it is likely to advance towards 26,300/26,500 in the short term," said De.

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Most active stocks in terms of turnover
Adani Green Energy (Rs 3,977 crore), Blue Dart Express (Rs 2,204 crore), ICICI Bank (Rs 2,202 crore), Varun Beverages (Rs 2,174 crore), SAIL (Rs 2,014 crore), HDFC Bank (Rs 1,791 crore) and RIL (Rs 1,786 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 highest trading turnovers in the day.

Most active stocks in volume terms

Vodafone Idea (Traded shares: 82.59 crore), Suzlon Energy (Traded shares: 15.49 crore), SAIL (Traded shares: 14.34 crore), Reliance Power (Traded shares: 8.67 crore), Adani Power (Traded shares: 6.78 crore), Sagility India (Traded shares: 6.01 crore) and Indian Oil Corp (Traded shares: 5.84 crore) were among the most actively traded stocks in volume terms on NSE.

Stocks showing buying interest
Shares of Blue Dart, Five-Star Business Finance, Adani Green Energy, Varun Beverages, HEG, Century Texttiles and Graphite India were among the stocks that witnessed strong buying interest from market participants.

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52 Week high

Over 179 stocks hit their 52 week highs today while 78 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included Tata Steel, SBI and Bharti Airtel.

Stocks seeing selling pressure

Stocks which witnessed significant selling pressure were Mahindra & Mahindra, Eternal, Maruti Suzuki, Bajaj Finance, Kotak Bank, L&T and HUL.

Sentiment meter bearish
The market sentiments were bearish. Out of the 4,325 stocks that traded on the BSE on Wednesday, 1,668 stocks witnessed declines, 2,482 saw advances, while 175 stocks remained unchanged.

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(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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