Indian stock market rebounds marginally as Nifty, Sensex open higher

After experiencing an extremely volatile past few days the Indian stock market on Wednesday rebounded at the opening session Equities recovered from the oversold category and eased concerns related to artificial intelligence AI although uncertainty continues due to global developmentsIndian benchmark indices opened in positive territory The Nifty 50 index opened at 2551260 with a gain of 8795 points or 035 per cent whereas the BSE Sensex opened at 8253022 rising by 30430 points or 037 per cent reported ANIGlobal marketsIn global markets US stocks closed higher on Tuesday The Dow Jones index gained 370 points to close at 4917450 while the Nasdaq jumped more than 1 per cent or 244 points to close at 22871 The S and P 500 index also rose by 54 points or 079 per cent to close at 6892 points Furthermore shares of IBM also rebounded gaining 267 per cent to close at USD 22932 per share on the NYSE reported ANIIn domestic markets all sectoral indices on the NSE opened with gains The Nifty IT index rose 097 per cent Nifty Metal gained 089 per cent Nifty FMCG increased 040 per cent Nifty PSU Bank climbed 031 per cent and Nifty Pharma advanced 024 per centExpert opinionMarket experts highlighted that global cues and upcoming developments including US President Donald Trumps speech could influence sentiment furtherAjay Bagga Banking and Market Expert while speaking to the media said Indian stock futures are pointing to a positive open but Trumps speech over the next hour could change the market sentiment globally either way March series starts on the NSE with global sentiment impacted by the AI scare trade US tariff chaos Iranian conflict looming and a brewing private credit crisis under the hood in the US as cited by ANIHe also highlighted that US markets rebounded as concerns over AI eased and optimism returned towards US technology stocksSiddhartha Khemka Head of Research Motilal Oswal Financial Services while expressing his views on the global market indices said ldquoGlobal uncertainty and persistent concerns around AIled disruption continued to weigh on market sentiment keeping volatility elevated on DStreet Weekly expiry of Nifty derivatives further added to intraday volatility with markets reacting to a combination of weak global cues and sectorspecific pressuresrdquoCommenting on the Indian market indices Khemka added ldquoAgainst this backdrop the Nifty declined 1 per cent However lasthour buying in the broader markets aided a partial recovery with the Midcap 100 ending down 03 per cent and the Smallcap 100 declining 06 per cent Sectoral trends were mixedrdquoGold pricesMeanwhile precious metals continued to remain elevated Gold prices in India stood at Rs 160750 per 10 grams for 24carat gold registering a gain of 05 per cent on Wednesday Silver prices also surged more than 2 per cent to Rs 265981 per kilogram as per ANIAsian markets also showed strong gains on Wednesday morning supported by the rebound in US technology stocks Japans Nikkei 225 index jumped 161 per cent gaining 923 points to reach 58245 Taiwans weighted index rose 700 points or 2 per cent to 35496 South Koreas KOSPI index gained more than 2 per cent rising by 122 points to 609299 while Hong Kongs Hang Seng index climbed 081 per cent or 241 points to 26832With inputs from ANI