Markets extend gains as Tata Consumer surges over 7%; caution persists ahead of Trump’s tariff plans

Benchmark indices strengthened their morning gains on Wednesday, climbing steadily as trading progressed amid cautious investor sentiment ahead of US President Donald Trump ’s anticipated tariff announcement. The BSE Sensex traded at 76,485.42, up 460.

91 points or 0.61 per cent from its previous close, while the Nifty50 rose 123.25 points or 0.



53 per cent to 23,288.95 as of 12.45 PM.

Market breadth remained decisively positive with 2,649 advances against 1,088 declines on the BSE, while 179 stocks remained unchanged. Fifty-six stocks hit their 52-week highs, while 74 touched their 52-week lows during the session. The market witnessed 319 stocks hitting upper circuit limits and 157 stocks hitting lower circuits.

Tata Consumer Products emerged as the top gainer on the NSE, surging 7.38 per cent to ₹1,065.50, significantly outpacing its morning performance.

Other major gainers included IndusInd Bank rising 3.01 per cent, Zomato gaining 2.54 per cent, Titan adding 2.

19 per cent, and Tech Mahindra up 1.64 per cent. On the losing side, Bharat Electronics Limited (BEL) continued its downward trend as the top laggard, dropping 3.

63 per cent to ₹281.40. Other prominent losers included Nestle India falling 1.

49 per cent, UltraTech Cement declining 1.25 per cent, Hindalco shedding 1.19 per cent, and Dr.

Reddy’s Laboratories down 0.81 per cent. Broader market indicators showed stronger momentum in mid-cap stocks, with the Nifty Midcap 100 rising 1.

20 per cent to 51,844.10. Financial stocks also performed well, with the Nifty Bank index gaining 0.

73 per cent to 51,198.15, while the Nifty Financial Services index advanced 0.68 per cent to 24,697.

35. Foreign Institutional Investors (FIIs) had offloaded equities worth ₹5,901 crore the previous day, marking their second consecutive session of selling. Meanwhile, Domestic Institutional Investors (DIIs) maintained their buying momentum with purchases worth ₹4,322 crore.

The market’s resilience comes despite rising volatility ahead of Trump’s expected tariff announcement. The India VIX, a measure of market volatility, had risen nearly 10 per cent in morning trade, reflecting investor uncertainty. Analysts continue to monitor key support zones closely, suggesting that a breach below Nifty 23,100 or Sensex 75,800 could trigger additional selling pressure.

For now, they recommend cautious, level-based trading given the uncertain global backdrop. Comments.