Indian equity markets opened higher on Wednesday, supported by global cues and corporate earnings, with early gains reflecting improved investor participation. In initial trade, the BSE Sensex rose about 350 points to trade near the 77,200–77,237 range, while the Nifty 50 advanced over 100 points and approached levels above 22,500.
The rebound follows recent declines, with positive signals from global markets and ber-than-expected quarterly (Q4) corporate results supporting market sentiment. Analysts attributed the upmove to international stability and softer crude oil prices.
Banking and auto stocks led the early gains. Shares of Bandhan Bank advanced after the bank reported a 68% increase in profit to ₹534 crore. Tyre manufacturer CEAT also recorded a 145% rise in profit to over ₹243 crore, leading to gains in its stock.
More than 15 major companies are scheduled to report quarterly results during the day, which are expected to influence market direction. Companies in focus include Bajaj Finance, Adani Power, Vedanta, and Indian Overseas Bank.
Insurance sector companies also reported earnings growth. Star Health and Allied Insurance reported profit rising multiple times to ₹111 crore. Activity was also seen in Go Digit General Insurance and other insurance stocks. In the agriculture and FMCG segment, AWL Agri Business recorded profit growth exceeding 50%.
Garden Reach Shipbuilders & Engineers reported revenue growth, contributing to activity in the defence and shipbuilding sector. Other companies, including Motherson Sumi Systems, also reported improved performance.
