Following five consecutive sessions of decline, Indian equity markets may see a recovery-led opening on Wednesday. Early indications showed a marginal rise in Gift Nifty, increasing the possibility of a positive opening for domestic equities.
At around 7:30 a.m., Gift Nifty was trading around 24,211, up approximately 32 points, or 0.13%. The indication comes after five consecutive sessions of selling. However, elevated crude oil prices, rising geopolitical tensions between the United States and Iran, and weak global cues may continue to influence market sentiment. Investors will also track global developments and movements in energy markets.
According to market experts, volatility in Indian equities may continue in the coming days. Brent crude has remained above $90 per barrel, which is a significant concern for a major oil-importing country such as India. Uncertainty over the situation in the Strait of Hormuz could also affect energy supplies and crude oil prices.
Higher crude oil prices may put pressure on the Indian rupee, inflation and foreign investment flows. If oil prices remain elevated for an extended period, they could also affect companies' costs and the broader performance of the economy. Investors may remain cautious amid US-Iran tensions and other global risks.
On the corporate earnings front, Extranet Technologies, Lohia Corp, Spice Islands Industries and Umiya Tubes are scheduled to announce their quarterly results on Wednesday. Their shares may see activity based on revenue, profit and indications provided regarding future business.
Shares of Aster DM Quality Care may also remain active. According to the report, Centella Mauritius Holdings, managed by entities associated with TPG, may sell a 7.2% stake in the company through a block deal. The floor price for the proposed transaction has been set at Rs 766.1 per share.
RailTel Corporation of India has received a work order worth Rs 166.8 crore from the Employees' Provident Fund Organisation. Investors will track the impact of the new order on the company's order book and future revenue prospects.
Krystal Integrated Services has received a work order worth around Rs 134 crore from the Maharashtra State Road Transport Corporation. The company will provide integrated facility management services for three years in designated areas of Mumbai and Chhatrapati Sambhaji Nagar.
Exide Industries has invested an additional Rs 200 crore in its wholly owned subsidiary Exide Energy Solutions through a rights issue. Following the investment, the company's total investment in EESL has increased to Rs 5,102.23 crore.
Atlanta Electricals has received a Letter of Intent from Andhra Pradesh Transmission Corporation for an order worth Rs 193.92 crore.
HG Infra Engineering has received an LOI from REC Power Development and Consultancy for a project involving the construction of power substations and related transmission lines in Uttar Pradesh.
ONGC has commenced gas production-related facilities at Khoraghat GGS-1 in Golaghat, Assam. The facilities will help process additional natural gas produced from the Upper Assam Shelf and transmit it further through the North East Gas Grid.
Hindustan Zinc has increased the share of renewable energy in its total electricity consumption to 22%, compared with around 18% in FY26. The company has stated that the move reflects its increasing strategic commitment towards clean energy.
One 97 Communications, the parent company of Paytm, will also remain on investors' radar. Resilient Asset Management B.V., associated with company founder Vijay Shekhar Sharma, has sold approximately 1.92 crore equity shares of the company.
The stake represents around 3% of the company's total paid-up equity, and the transaction value has been reported at approximately Rs 2,948.94 crore.
