Indian benchmark indices opened higher on Wednesday, driven by strong performance in the information technology sector as investors positioned themselves ahead of the US Federal Reserve's interest rate decision.
The Nifty 50 rose 0.77%, with broad market breadth favoring the advance.
Crude oil prices surged in the session due to escalating geopolitical tensions, adding a layer of complexity to the risk-on sentiment in equities.
The rally in IT stocks reflects anticipation that the Federal Reserve may signal a dovish stance or maintain its current policy trajectory, which typically supports growth-oriented sectors sensitive to borrowing costs.
Meanwhile, the spike in crude oil prices underscores the persistent vulnerability of global energy markets to geopolitical shocks, potentially offsetting some of the gains in domestic equities through higher input costs.
Amid the broader market movement, strategist Jay Thakkar has outlined specific short-term trading opportunities in the futures and options segment.