The Indian stock market kicked off Wednesday with a confident stride, shaking off global jitters to post steady gains in early trade. Despite the looming US Federal Reserve monetary policy decision later tonight, Indian equities displayed resilience, supported by a wave of enthusiastic buying in key sectors and a blockbuster lineup of new market debuts.
The mood on the floor is upbeat, driven by significant stock specific action and robust domestic sentiment that is countering the nervousness seen on Wall Street overnight.
Market Opening Numbers
The benchmark indices started the day in positive territory. Post opening, the BSE Sensex was trading at 84,824.62 levels as of 9:18 AM IST, marking a rise of 158.34 points or 0.19 percent. Similarly, the NSE Nifty opened flat but held the green zone at 25,834.95, up by a marginal 4.70 points or 0.02 percent as of 9:17 AM IST.
Top gainers on the Sensex included heavyweights such as Trent, Bajaj Finserv, Asian Paints, Reliance and Ultratech as of 9:22 AM IST.
(Source: NSE, BSE)
Broader Markets and Sectoral Trends
In the broader markets, the Nifty Midcap 100 index posted gains of 0.15 percent. However, the Nifty Smallcap 100 index traded flat with a negative bias as of 9:20 AM. Among sectoral indices, the mood was largely positive. Barring Nifty Consumer Durables, all other sectors opened in the green on Wednesday as of 9:21 AM IST.
(Source: Business Standard, CNBC TV-18)
Currency Watch
On the currency front, the Indian rupee opened 15 paise weaker on Wednesday, December 10. The domestic unit started trade at 90.03/$ against the US dollar, slipping from Tuesday’s close of 89.88/$ as of 9:02 AM. Traders remain cautious as all eyes turn to the US Fed rate decision tonight.
(Source: Business Standard, CNBC TV-18)
IPO Super Wednesday: Listings and Subscriptions
It is a massive day for the primary market with three new listings, two openings and two closures.
- Mega Debuts: Shares of Meesho, Aequs Ltd and Vidya Wires are set to debut on the stock exchanges today. Meesho’s substantial ₹5,000 crore IPO was subscribed nearly 80 times during its three day bidding process. Meanwhile, airplane parts maker Aequs is expected to see a strong start, with grey market trends pointing to a double digit listing gain. The Aequs IPO of over ₹900 crore was subscribed over 100 times. Vidya Wires also lists today after its ₹300 crore IPO was subscribed 27 times.
- New Issues: Investors have fresh opportunities as Nephrocare Health Services and Park Medi World open for subscription. Both healthcare companies have already raised ₹260 crore and ₹276 crore respectively from anchor investors.
- Closing Today: The subscription windows for Corona Remedies and Wakefit will close today.
(Source:CNBC TV-18)
Stocks in Focus
Several stocks witnessed sharp movements in the Indian stock market due to corporate developments and large trades.
- Adani Green Energy: The stock gained nearly 2 percent as of 9:25 AM, Dec10, following a massive block deal. As many as 2.8 crore shares of Adani Green Energy, worth ₹2,718 crore, changed hands in the pre open block window.
- AU Small Finance Bank: Shares surged over 2 percent as of 9:23 AM IST, Dec 10, 2025, after the bank received approval from the Finance Ministry to increase its foreign investment limit from 49 percent to 74 percent.
- Vodafone Idea: The telecom stock is back above its FPO price of ₹11 per-share for the first time in over a month as of 9:24 AM, Dec 10, 2025.
- Anupam Rasayan: The counter is in focus after the company announced a significant $150 million acquisition of Jayhawk Fine Chemicals.
- Grasim Industries: The stock was trading at ₹2,766, up 0.73 percent, as of 10:02 AM, Dec 10, 2025, after the company approved a ₹500 crore fund infusion into its subsidiary, Aditya Birla Renewables. The renewable arm is also set to receive an investment of up to ₹3,000 crore from Global Infrastructure Partners.
- Swiggy: The food delivery giant was trading at ₹403.10, up ₹5.05 as of 10:28 AM, after launching its qualified institutions placement (QIP) on December 9. The floor price is set at ₹390.51 per-share. The company aims to raise up to ₹10,000 crore, marking one of the largest fundraising initiatives by a tech consumer firm in India.
(Source: Business Standard, CNBC TV-18)
Bottom Line
Wednesday promises plenty of action for the Indian stock market. While the big indices are holding steady ahead of the US Fed updates, the real excitement is happening elsewhere. With major new companies listing today and heavy buying in key sectors, investor confidence remains high.
This strength suggests there are great opportunities for those watching individual stocks, proving that the market has plenty of momentum even as it waits for global news.
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