Benchmark stock market indices opened on a subdued note on Wednesday, extending their recent decline amid the absence of fresh positive triggers. Weak global cues continued to weigh on investor sentiment in early trade.

At around9:23 am, theS&P BSE Sensexwas marginally higher by15.58 points, trading at83,643.27, while theNSE Nifty50added7.95 pointsto stand at25,740.25.

Commenting on market conditions,Dr VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, said geopolitical developments have dominated global news since the start of 2026.

“Some of these events may have a serious impact on markets, but so far, equities have not been significantly affected. Stock investing can be frustrating at times and may disappoint for extended periods. What smart investors should do in uncertain and volatile times like now is remain invested and continue investing in fairly valued, quality growth stocks for the long term,” he said.

In early trade,Tata Steelemerged as the top gainer, rising1.62 percent, followed byAxis Bank, which advanced1.03 percent.NTPCgained0.96 percent,Bharat Electronicsadded0.60 percent, andMahindra & Mahindrarose0.38 percent, lending support to the benchmark indices.

On the downside,TCSwas the biggest laggard, slipping1.14 percent.Sun Pharmaceutical Industriesdeclined0.99 percent,Asian Paintsfell0.97 percent,Kotak Mahindra Bankshed0.75 percent, andBajaj Finserveased0.62 percentin early trading.

Referring to global developments, Vijayakumar noted thatUS President Donald Trump’s order imposing 25 percent tariffs on countries trading with Iranis unlikely to have a significant impact on India, as bilateral trade between India and Iran remains relatively small, at around$1.6 billion.

“China is likely to be impacted more severely. How the Iranian crisis unfolds and how the US responds to developments in Iran remains uncertain. The increasing use of tariffs as a policy weapon suggests the global economy may have to contend with a tariff-heavy trade environment for some time,” he added.

Disclaimer:The views, opinions, recommendations, and suggestions expressed by experts or brokerages quoted in this article are their own and do not reflect the views of the India Today Group. Investors are advised to consult a qualified financial advisor before making any investment or trading decisions.