INDIAN STOCKS INCH UP AT THE START OF TRADING SESSION

Market experts highlight the IPO focus, especially Tata Technology, with VK Vijayakumar advising investors on high-quality large-cap stocks in banking and autos for safety.

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At the opening bell on Wednesday, Indian stock indices showed a marginal rise, albeit cautious due to the overnight downturn in the US markets. The Sensex and Nifty indices edged around 0.1 percent higher each from their previous close at 9:35 am. However, the sectoral movement displayed a mixed pattern, with Nifty Media leading the gains while Nifty Realty experienced a dip.

Analyzing the performance of the Nifty 50 stocks, 33 showed positive movement, 16 declined, and one remained steady in the early trade. Notable gainers among these were BPCL, Cipla, Dr Reddys, HDFC Life, and Power Grid Corporation of India. Conversely, Hindalco, Kotak Mahindra Bank, Adani Enterprises, ICICI Bank, and TCS were among the top laggards during the initial trading hours.