The Indian stock market fell for the third consecutive session on Wednesday, closing near a one-month low, dragged by selling in consumer durables, private banks, and IT stocks. Investors remained cautious ahead of the US Federal Reserve announcement. The BSE Sensex dropped 275 points (0.32%) to 84,391, while the NSE Nifty fell 82 points (0.32%) to 25,758. The Fed cut its benchmark interest rate by 0.25% to a 3.5–3.75% range, marking the third consecutive cut this year.
In the primary market, two IPOs—Nephrocare Health Services and Park Medi World—entered their second day of bidding, while Wakefit Innovations and Corona Remedies allotments will be finalized today. Market sentiment remains volatile due to global cues, FII outflows, INR weakness, and US-India trade uncertainties. Technically, Nifty found support near 25,700, with resistance at 25,870–26,000; a breakdown could push it toward 25,610–25,530.
Experts recommended eight intraday stocks: Eicher Motors, AU Small Finance Bank, ICICI Bank, Infosys, Punjab National Bank, Paradeep Phosphates, Chennai Petro, and Thirumalai Chemicals. Analysts highlighted bullish trends, strong support levels, and favorable technical indicators, suggesting potential upside while recommending stop-losses for risk management.
