India’s Nifty 50 index rose 0.75% to 25,863.65, supported by gains in IT, auto, and energy stocks. The Sensex also jumped 572 points. Market sentiment improved on strong global cues, exit poll optimism, and expectations of reduced U.S. tariffs. Analysts anticipate continued momentum amid earnings season.
India’s benchmark Nifty 50 index extended gains on Wednesday, rising 0.75% to trade near 25,863, buoyed by strong performances in IT, auto, and oil & gas sectors. The rally reflects improved investor sentiment driven by favorable global cues and optimism around domestic earnings.
Key highlights:
Nifty 50 climbed 168.70 points, reaching 25,863.65, while the Sensex surged 572 points to 84,443.67, marking a robust start to the trading day.
Top gainers included Tech Mahindra, Adani Enterprises, TCS, ONGC, and Eternal Ltd, all contributing to sectoral strength.
All sectoral indices traded in the green, with IT and oil & gas up 1% each, signaling broad-based buying.
Midcap and smallcap indices also advanced, up 0.3% and 0.6% respectively, indicating healthy market breadth.
Positive sentiment was further supported by exit polls favoring the ruling NDA, and global signals hinting at reduced U.S. tariffs on India, boosting trade-linked sectors.
Analysts expect the momentum to continue, with technical support near 25,400 and investor focus shifting to Q2 earnings and macroeconomic indicators.
Sources: Moneycontrol, The Hindu Business Line