Stock Market Closes In Green, Sensex Ends Over 550 Points Higher, Nifty Settles Above 23,150
The Indian equity benchmark indices clocked a recovery on Wednesday and closed the trading session on a positive note. The BSE Sensex settled for the day above 76,400, rallying more than 550 points, while the NSE Nifty50 closed trading above 23,150, climbing nearly 131 points. On the 30-share Sensex platform, Infosys, TCS, Tech M, Sun Pharma, and Bajaj Finserv emerged among the gainers. On the other hand, the laggards for the session included Tata Motors, PowerGrid, Axis Bank, SBI,and NTPC. In the broader markets, the Nifty Smallcap 100 and Nifty Smallcap 250 indices dominated in red and slumped 1.63 per cent and 1.60 per cent respectively. Sectorally, the Nifty Realty index took a major beating and plunged 4.56 per cent in the session. Meanwhile, the IT index closed more than 2 per cent higher. Why Markets Ended In Green? US President Donald Trump announced a massive investment of $500 billion in AI infrastructure, igniting hopes of more employment opportunities and growth for the tech industry. As such, IT stocks enjoyed a confident day in the market. Vinod Nair, Head of Research, Geojit Financial Services explained, “The benchmark indices rebounded amidst heightened volatility following better-than-expected results from a major private bank. The IT sector led gains, recovering from recent losses, while mid and small-cap stocks continued to underperform due to valuation concerns.” Macro Indicators The Indian rupee also appreciated 25 paise to settle the session at 86.33 (provisional) against the US dollar on Wednesday. This boost was backed by the positive trend in domestic equities and a soft US dollar index. The Asian markets saw Tokyo and Seoul closing on a higher note, while Hong Kong and Shanghai ended trading in red. The US markets settled in a positive territory on Tuesday. The global oil benchmark, Brent crude, traded 0.49 per cent higher at $79.68 per barrel. Foreign institutional investors (FIIs) dumped Indian equities worth Rs 5,920.28 crore on Tuesday.
The Indian equity benchmark indices clocked a recovery on Wednesday and closed the trading session on a positive note. The BSE Sensex settled for the day above 76,400, rallying more than 550 points, while the NSE Nifty50 closed trading above 23,150, climbing nearly 131 points.
On the 30-share Sensex platform, Infosys, TCS, Tech M, Sun Pharma, and Bajaj Finserv emerged among the gainers. On the other hand, the laggards for the session included Tata Motors, PowerGrid, Axis Bank, SBI,and NTPC.
In the broader markets, the Nifty Smallcap 100 and Nifty Smallcap 250 indices dominated in red and slumped 1.63 per cent and 1.60 per cent respectively.
Sectorally, the Nifty Realty index took a major beating and plunged 4.56 per cent in the session. Meanwhile, the IT index closed more than 2 per cent higher.
Why Markets Ended In Green?
US President Donald Trump announced a massive investment of $500 billion in AI infrastructure, igniting hopes of more employment opportunities and growth for the tech industry. As such, IT stocks enjoyed a confident day in the market.
Vinod Nair, Head of Research, Geojit Financial Services explained, “The benchmark indices rebounded amidst heightened volatility following better-than-expected results from a major private bank. The IT sector led gains, recovering from recent losses, while mid and small-cap stocks continued to underperform due to valuation concerns.”
Macro Indicators
The Indian rupee also appreciated 25 paise to settle the session at 86.33 (provisional) against the US dollar on Wednesday. This boost was backed by the positive trend in domestic equities and a soft US dollar index.
The Asian markets saw Tokyo and Seoul closing on a higher note, while Hong Kong and Shanghai ended trading in red. The US markets settled in a positive territory on Tuesday.
The global oil benchmark, Brent crude, traded 0.49 per cent higher at $79.68 per barrel. Foreign institutional investors (FIIs) dumped Indian equities worth Rs 5,920.28 crore on Tuesday.
What's Your Reaction?
