The benchmark indices surged up to 0.71% on Wednesday, marking their third consecutive day of gains, as US President Donald Trump’s comments on H1-B visas, optimism over a potential India–US trade deal and the exit polls indicating an NDA victory in Bihar lifted the sentiment.
The Sensex advanced 595.19 points, or 0.71%, to close at 84,466.51, while the Nifty rose 180.85 points, or 0.70%, to 25,875.80. Cumulatively, over the past three sessions, the Sensex and Nifty have gained 1,250.23 points (1.50%) and 383.50 points (1.50%), respectively.
Siddhartha Khemka, head of research (wealth management), Motilal Oswal Financial Services, said the upmove was supported by the US softening its stance on India over trade tariffs. “Additionally, steady Q2 earnings, exit polls indicating an NDA victory in Bihar, and record-high SIP inflows further buoyed the investor sentiment.”
“On the technical front, the Nifty has successfully reclaimed the 25,800 resistance level, with the next target being 26,000–26,100. While some consolidation may emerge on Thursday due to the weekly expiry, the overall tone remains positive,” said Ajit Mishra, SVP – research, Religare Broking.
After five days, the overall market breadth turned positive, with 2,509 gainers against 1,701 losers on the BSE. Broader markets also remained firm, with the BSE midcap and smallcap indices gaining 0.44% and 0.76%, respectively.
Investor wealth surged by ₹4.78 lakh crore on Wednesday — the biggest single-day rise since September 1. In the past three sessions, investors have gained a total of ₹7.38 lakh crore.
Most sectoral indices ended in the green, led by strong buying in information technology stocks. The IT index jumped nearly 2%, marking its third straight day of gains, after Trump’s remarks in support of skilled foreign workers boosted the sentiment around visa policies. Consumer durables, telecom, auto, and pharma were other top performers, rising up to 1.86%.
The rally was largely driven by domestic institutional investors, who pumped in ₹13,121 crore over the past three sessions, including ₹5,127 crore on Wednesday. Foreign portfolio investors remained net sellers, offloading shares worth $519 million (₹4,603 crore), including $197 million, (₹1,750 crore) on Wednesday.
Among Sensex constituents, Asian Paints soared 4.46% following better-than-expected Q2 earnings. Tech Mahindra, TCS, Bajaj Finserv, and Adani Ports were the other top performers, gaining up to 3.34%.