The Indian stock market is expected to open higher amid mixed global cues. The Sensex and Nifty paused their rally but foreign investors have shifted to net buyers. Analysts recommend a 'buy-on-dips' strategy with key support and resistance levels.

Markets have staged a sharp recovery after a massive sell-off yesterday, with the Nifty reclaiming the 23,850 mark. What triggered this rally, and where is the market headed next? Santosh Meena, Head of Research at Swastika Investmart,

Within the Nifty index, Mahindra and Mahindra, Coal India, Wipro, Kotak Bank and Tech Mahindra were among the top gainers. On the other hand, Cipla, ONGC, Tata Consumer, Bharti Airtel and UltraTech Cement were among the top losers.

Indian benchmark indices experienced significant volatility in today’s session, as a rebound in Adani Group stocks was offset by weak performances from heavyweights, leading to wide fluctuations throughout the day. However, the indices managed to close with healthy gains.

Indian equity benchmark indices, BSE Sensex and Nifty50, opened flat in trade on Wednesday. While BSE Sensex was above 80,000, Nifty50 was near 24,180.

The Nifty 50 ended the session with a modest drop of 0.11%, closing at 24,194 points, while the Sensex also posted a slight loss of 0.13%, settling at 80,004 points.