A wave of optimism swept through India’s stock market Wednesday morning, propelled by favorable global winds. At around 9:20 AM, Sensex notched up 478 points—a solid 0.58% gain—to stand at 82,751. Nifty mirrored this vigor, rising 147 points or 0.58% to 25,570, energizing traders nationwide.
Information technology shares blazed the trail, making Nifty IT the day’s leading gainer. The rally rippled across sectors, with Nifty Metal, Realty, Oil & Gas, PSE, Commodities, Services, Media, India Defence, and Energy all in positive territory. This comprehensive uptick signals deep market conviction.
Market caps united in the advance: large-caps at the helm, complemented by mid and small-caps. Nifty Midcap 100 climbed 235 points or 0.43% to 59,307, as Nifty Smallcap 100 gained 98 points or 0.59% to 17,058. Breadth and depth defined the session’s start.
Top Sensex performers encompassed Tech Mahindra, HCL Tech, TCS, Power Grid, Indigo, Tata Steel, NTPC, L&T, Sun Pharma, Adani Ports, Bharti Airtel, ICICI Bank, and BEL. A handful of laggards, including SBI, Bajaj Finance, and Asian Paints, provided minor counterbalance.
Advance-decline ratio favored bulls decisively. Globally, the mood was buoyant—Shanghai, Tokyo, Hong Kong, Bangkok, Jakarta, and Seoul all green. US indices wrapped up positively Tuesday, setting an encouraging precedent.
Market veterans credit the upswing to easing FII outflows. Tuesday saw FIIs sell just Rs 102.53 crore, dwarfed by DIIs’ Rs 3,161.22 crore purchases. This institutional pivot has reignited buying interest.
Gold and silver complemented the equity shine, with gold up 0.44% at $5,199/oz and silver soaring past 2% to $89/oz. As trading unfolds, focus shifts to whether this momentum endures against potential headwinds.