FIRST TRADE: Sensex sheds 181 points, Nifty at 23,110

Indian equities tracking mixed Asian markets opened little contempt grounds gains successful the US markets successful the overnight trade. At the start, Sensex declined 0.24 per cent oregon 181.4 points to 76,223.59, portion the Nifty50 scale was down 0.2 per cent oregon 45.5 points astatine 23,109.85.

Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said, "There are 2 trends successful the marketplace that merit attention. One, the organization enactment is showing a accordant inclination - sustained selling by FIIs and sustained buying by DIIs. Two, determination is simply a inclination towards prime - largecaps are resilient portion the broader marketplace is weakening. These 2 trends are apt to proceed successful the near-term."

Since the dollar scale and US enslaved yields proceed to stay precocious FIIs are improbable to crook buyers immoderate clip soon. This volition headdress a rally successful the marketplace adjacent though the marketplace is successful an oversold zone, added Vijyakumar.

Expect heightened volatility successful 2025 with upcoming events similar the Federal Reserve meeting, the Union Budget, and Delhi Assembly elections, noted Prashanth Tapse, Senior VP (Research), Mehta Equities. 

Key stocks to watch:

BPCL: Shares of the lipid selling institution volition gully absorption aft the company's better-than-expected Q3 earnings.

HUL: Shares of FMCG large volition besides beryllium successful absorption station the company's mostly in-line Q3 earnings.

Technical outlook

Vatsal Bhuva, Technical Analyst astatine LKP Securities said, "On Wednesday, Nifty took enactment adjacent its erstwhile league debased of 22,980 and formed a hammer tweezer bottommost candlestick connected the regular chart, signaling imaginable betterment toward 23,350 levels aft Tuesday's decline. However, sustained bullish momentum volition lone look if Nifty closes supra 23,500, wherever the 21-day EMA is positioned. Until then, a cautious attack is advised. "

Short-term traders tin absorption connected the 23,000–23,350 range, with 23,000 providing beardown enactment and the 23,350–23,400 portion acting arsenic a cardinal absorption for the index, helium added.

Asian markets

Most Asian stocks tracking gains successful the US markets traded higher, with Japan's Nikkei rising higher earlier the Bank of Japan meeting. Also, Chinese shares drifted higher aft the Chinese governmen outlined enactment for equities.