Indian equity benchmarks closed Wednesday’s session in the green for the sixth consecutive session. The Nifty 50 closed the session 105 points or 0.42% higher at 24,973, and the Sensex surged 324 points or 0.40% to end at 81,425.
In line with the benchmarks, the Nifty Bank settled 320 points or 0.59% higher at 54,536. The small and midcap stocks were in line with the benchmarks. The BSE Midcap rose 382 points, or 0.84%, at 46,080. On the other hand, the BSE Smallcap finished 380 points or 0.72% higher at 53,406.26.
“Renewed optimism around ongoing trade negotiations between India and the US lifted market sentiment. Anticipation of stronger H2FY26 earnings, driven by GST rationalisation and the benefits of monetary easing, is providing resilience to valuations. The IT index extended its outperformance on hopes of a potential Fed rate cut next week and a revival in technology spending. Investors remain focused on the progress of India–US trade talks for signals of a constructive resolution to tariff-related issues,” said Vinod Nair, Head of Research at Geojit Investments.
“Nifty gained more than 100 points to close at 24,979, extending its recovery as the index held above the 21EMA. RSI has given a bullish crossover above 50, supporting the positive momentum. Going ahead, sustaining above 24,820–24,750 may lead the index towards 25,160 and higher levels, while support remains at 24,820–24,750,” said Rupak De, Senior Technical Analyst at LKP Securities.
5 big highlights from today’s market action-
Indices in intraday trade
The indices closed Monday’s session on a positive note. During the session, out of 3,128 trading stocks, 1,835 advanced, while 1,210 declined, and 83 remained unchanged. Today, 67 stocks hit a fresh 52-week high. Meanwhile, 23 stocks touched a new 52-week low.
Top gainers
Bharat Electronics was the top gainer in the Nifty 50 in Wednesday’s session, closing 4.58% higher. It was followed by Wipro, HCL Technologies, HDFC Life Insurance, and Bajaj Finance.
Top losers
Mahindra & Mahindra’s shares were the biggest losers in today’s trade, declining 2.4%. It was followed by Bajaj Auto, Maruti Suzuki, Hero MotoCorp, Eicher Motors, and many others.
Top sectors in Wednesday’s trade
The Aquaculture sector’s stocks rose the most in Wenesday’s strong trade, rising 3.7% in the market capitalisation. Further, Textiles stocks were followed by the Defence sector stocks, which were further followed by the electric equipment sector stocks. The packaging stood behind the information technology sector. However, the retail sector stocks fell the most.
Best and worst performing business groups
The Poddar Group’s market cap rose the most in today’s session, rising 3.7%. It was followed by the Wadia Group. Apart from that, the Pennar Group’s market capitalisation surged the most, rising 2.87%. In the list of Pennar Group stocks, Golkonda Aluminium Extrusions’ share increased 4.5%.