(Photo : sensex)
Indian stocks

• The Indian stock market opened positively, with the Nifty surpassing 24,500, driven by buying in the PSE and IT sectors.
• Despite challenges and potential headwinds, market experts advise staying invested due to the market's resilience.
• Various indices performed well, with NTPC, Tech Mahindra, L&T, ITC, TCS, Infosys, IndusInd Bank, M&M and HCL Tech emerging as top gainers.
• Global market trends and investor activity show mixed results, emphasizing the need for strategic investing and thorough research.

The Indian stock market opened in green on Wednesday, with the Nifty soaring above 24,500. This surge was primarily driven by buying in the public sector enterprise (PSE) and IT sectors in early trade. As of 9:36 am, the Sensex was trading at 80,094.12, marking a gain of 248.37 points or 0.31 per cent. Concurrently, the Nifty was trading at 24,534.05, having risen by 76.90 points or 0.31 per cent. The market trend remained positive, with 1,851 stocks trading in green on the National Stock Exchange (NSE), while 409 stocks were in red.

Market Resilience Amid Challenges

Market experts have noted that the market has remained resilient amid challenges, advising people to stay invested. They explained, "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." In light of these observations, investors are advised to adopt a cautious investment strategy with asset allocation as the underlying principle. The experts added, "Since the market has been resilient amid challenges, it makes sense to remain invested.

Performance of Various Indices

The Nifty Bank was up 127.60 points or 0.24 per cent at 52,823.35. The Nifty Midcap 100 index was trading at 57,797.45 after gaining 288.45 points or 0.50 per cent. The Nifty Smallcap 100 index was at 19,162 after gaining 158.45 points or 0.83 per cent. In the Sensex pack, NTPC, Tech Mahindra, L&T, ITC, TCS, Infosys, IndusInd Bank, M&M and HCL Tech were the top gainers. On the other hand, Bharti Airtel, Reliance, ICICI Bank, Ultra Tech Cement and Hindustan Unilever were the top losers.

Global Market Trends and Investor Activity

In the Asian markets, Seoul, Bangkok and China were trading in red, while Japan, Hong Kong and Jakarta were trading in green. In the US stock markets, the S&P 500 and Nasdaq Composite ended 0.05 per cent and 0.40 per cent higher, respectively. However, the Dow Jones Industrial Average ended 0.17 per cent down on the previous trading 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.