Indian equity markets are expected to open on a subdued note on Wednesday, with GIFT Nifty signaling a negative start as it traded near 22,763 in early deals.

The domestic market witnessed a sharp recovery on Tuesday, with the Nifty reclaiming the 22,700 mark at the close. Information technology stocks led the rally, supported by strong quarterly results from HCL Technologies. Despite a weak opening, benchmark indices moved into positive territory during the initial hours and sustained their upward momentum through most of the session amid intermittent volatility.

Buying interest strengthened towards the close following encouraging remarks from Finance Minister Nirmala Sitharaman on long-term capital gains (LTCG) tax and securities transaction tax (STT), which helped improve investor confidence.

On Tuesday, the 30-share benchmark index ended at 73033.78 up by 1109.1 points or by 1.54 % and then NSE Nifty was at 22721.95 up by 358.6 points or by 1.6 %.

On the global front, Asia-Pacific markets rebounded from a two-day loss as investors hoped the US Federal Reserve may not aggressively hike rates following comments from Governor Christopher Waller. He said that inflation expectations are well anchored and that higher yields are indicative of strong growth.

Japan’s Nikkei 225 and South Korea’s Kospi rose 0.53 per cent and 1.06 per cent, respectively.

Overnight, the Dow Jones Industrial Average and the S&P 500 ended 0.35 per cent and 0.02 per cent lower, respectively. The Nasdaq Composite settled 0.15 per cent down.

Back home, Top traded Volumes on NSE Nifty – Infosys Ltd. 21781113.00, HCL Technologies Ltd. 21744525.00, Kotak Mahindra Bank Ltd. 20932745.00, Tata Steel Ltd. 20600621.00, HDFC Bank Ltd. 18838639.00,

On NSE, total number of shares traded was 445.74 Crore and total turnover stood at Rs. 105778.88 Crore. On NSE Future and Options, total number of contracts traded in index futures was 98322 with a total turnover of Rs. 15029.47 Crore. Along with this total number of contracts traded in stock futures were 1047683 with a total turnover of Rs. 68340.44 Crore. Total numbers of contracts for index options were 429230049 with a total turnover of Rs. 63016047.55 Crore. and total numbers of contracts for stock options were 7366319 with a total turnover of Rs. 491450.59 Crore.

The FIIs on 13/10/2026 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 14757.06 Crore and gross debt purchased stood at Rs. 297.48 Crore, while the gross equity sold stood at Rs. 12756.33 Crore and gross debt sold stood at Rs. 179.80 Crore. Therefore, the net investment of equity and debt reported were Rs. 2000.73 Crore and Rs. 117.68