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The Indian stock markets continued their consolidation phase on Wednesday, with the Nifty50 closing marginally higher at 25,212.05, up 16.25 points or 0.06 per cent. Meanwhile, the BSE Sensex ended at 82,634.48, gaining 63.57 points or 0.08 per cent. Investors remained cautious as they awaited fresh triggers before making significant buying or selling decisions.

M&M, Tech Mahindra, and SBI were among the top gainers on the Sensex, while the BSE Midcap and Smallcap indices also ended the day higher, showing broad-based strength in the market.

On the sectoral front, the IT index stood out as a strong performer, gaining around 0.8 per cent. This buying interest followed a period of subdued performance over the past month, signaling renewed confidence in the sector ahead of the upcoming Q1 earnings season.

Shares of HDFC Life rose 1 per cent after the life insurer reported a 14 per cent year-on-year jump in net profit to Rs 546 crore for Q1FY26. The company also saw a 12.5 per cent increase in Individual Annualized Premium Equivalent (APE).

In contrast, HDB Financial Services shares slipped 2 per cent following a 2 per cent decline in profit after tax to Rs 568 crore, along with an 18 per cent year-on-year drop in revenue.

Dixon Technologies gained 3 per cent after announcing a binding term sheet with Chongqing Yuhai Precision Manufacturing Co. Ltd. to form a joint venture in India. Under the agreement, Dixon Tech will hold 74 per cent stake in the JV.

Market participants are gearing up for several key Q1 result announcements on Wednesday, including Tech Mahindra, ITC Hotels, LT Technology Services, Angel One, Kalpataru, LE Travenues Technology (IXIGO), Reliance Industrial Infrastructure, and Tanfac Industries.

Investors will closely monitor these results for insights into corporate earnings momentum amid a mixed macroeconomic environment.

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