Benchmark stock indices Sensex and Nifty staged a recovery in early trade on Wednesday following three consecutive days of decline. The rebound came as global markets rallied on stronger-than-expected US job openings data, which boosted investor sentiment despite ongoing concerns about tariff policies.

The 30-share BSE Sensex climbed by 230.17 points to reach 80,967.68 in early trade. Meanwhile, the NSE Nifty 50 rose by 70.25 points to 24,612.75.

Among the Sensex firms, key gainers included Bharti Airtel, Eternal, IndusInd Bank, Maruti Suzuki, Tata Motors, and Bajaj Finance. On the other hand, Tata Consultancy Services (TCS), UltraTech Cement, Titan, and ICICI Bank were among the laggards during the session.

Asian markets also showed significant gains, with South Korea's Kospi, Japan's Nikkei 225, Shanghai's SSE Composite, and Hong Kong's Hang Seng trading higher. US markets ended in positive territory on Tuesday, contributing to the optimistic global sentiment.

According to VK Vijayakumar, Chief Investment Strategist at Geojit Investments, the strong fundamentals supporting the market include India's robust macroeconomic indicators and steady inflows into mutual funds, particularly via Systematic Investment Plans (SIPs). He noted that the midcap segment outperformed large-caps and small-caps in the Q4 results, highlighting growing confidence among retail investors.

However, Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,853.83 crore on Tuesday, indicating some cautiousness amid the mixed sentiments.

Vikas Jain, Head of Research at Reliance Securities, said in his pre-open commentary that the market was expected to open positively, supported by a rally in global markets driven by stronger US job openings data.

The global oil benchmark Brent crude declined by 0.32 percent to $65.42 per barrel amid the broader market movements.

On Tuesday, the Sensex had tumbled by 636.24 points or 0.78 percent, closing at 80,737.51, while the Nifty plunged 174.10 points or 0.70 percent to settle at 24,542.50.

The early trade recovery on Wednesday indicates renewed optimism among investors amid continuing global and domestic factors influencing market movements.

The Upcoming IPOs in this week and coming weeks are Jainik Power Cables, Sacheerome Limited, Victory Electric Vehicles International, Wagons Learning.

The Current active IPO are Ganga Bath Fittings.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.