Indian equities closed strongly on Wednesday, buoyed by a calm global backdrop and improving investor sentiment. Oil prices rose modestly, and previously underperforming sectors regained their footing, with potential for further gains if external risks remain low.
The BSE Sensex rose 700.40 points (0.85%) to close at 82,755.51, while the NSE Nifty 50 gained 200.40 points (0.80%) to settle at 25,244.75.
Titan, Mahindra & Mahindra, Infosys, Power Grid, TCS, and Bharti Airtel were among the Sensex's top gainers. On the other hand, Bharat Electronics, Kotak Mahindra Bank, and Axis Bank were major laggards.
Key Highlights
- Sensex surged ~700 pts to 82,755.51 and Nifty rose ~200 pts amid easing Middle East tensions.
- Broad‑based buying led by IT, auto, consumer durables; global risk‑on sentiment fueled by Iran‑Israel ceasefire.
A cease-fire between Iran and Israel increased global risk appetite, resulting in gains in equity markets worldwide. Positive global cues also boosted sentiment and prompted inflows into emerging markets such as India.
Also Read: Indian Markets Rally in Morning Trade: Why Markets Rally Post Ceasefire?
India outperformed the majority of its Asian peers on Wednesday. South Korea and Japan made moderate gains, while Hong Kong, China, and Australia took a more cautious approach.
The KOSPI rose between 0.65% and 1.1%, aided by strength in semiconductor and auto stocks, but still trailed India's nearly 1% increase.
Japan's Nikkei index rose about 0.6%, reflecting broader global optimism.
Hong Kong's Hang Seng and China's Shanghai Composite traded in a narrow range, weighed down by regulatory and trade concerns.
