Indian equity markets advanced on Wednesday, buoyed by positive global trends and a decline in crude oil prices, with gains led by realty, PSU bank, and metal shares.
The Sensex climbed 575.45 points, or 0.70 per cent, to close at 82,605.43, while the Nifty 50 added 178.05 points, or 0.71 per cent, to settle at 25,323.55.
Market analysts noted, “The Nifty opened on a firm note and maintained a higher-high, higher-low structure throughout the session, signalling sustained bullish momentum.”
“After an early upmove, Nifty entered a tight consolidation between 25,280–25,330, spending most of the day oscillating within the 25,300–25,400 range for the third straight session,” experts observed.
They further added, “This pattern reflects a short-term distribution phase, with consistent selling pressure near the 25,400 resistance zone. A decisive breakout above this level could set the stage for a rally toward 25,600–26,000, supported by encouraging Q2 earnings momentum.”
Broader indices fared even better, with the Nifty MidCap 100 climbing 1.11 per cent and the Nifty SmallCap 100 rising 0.82 per cent, outshining the headline benchmarks.
Among sectoral performers, all indices except Nifty Media finished in positive territory.
Nifty Realty led the gains with a robust 3.04 per cent rise, followed by Nifty PSU Bank, Metal, and Financial Services, each advancing over 1 per cent.
Top Gainers and Losers
Within the Sensex basket, Bajaj Finance, Bajaj Finserv, Trent, Asian Paints, Adani Ports, and Tata Steel emerged as the top performers.
Meanwhile, Infosys, Tata Motors, Tech Mahindra, and Axis Bank posted declines, limiting the overall upside.
According to analysts, a combination of softening crude oil prices, firm global markets, and renewed domestic participation lifted investor confidence.
They also noted that the fall in the US 10-year bond yield and an appreciating rupee have encouraged foreign institutional investors (FIIs) to redirect funds towards emerging markets like India, which could shape market direction in the near term.
“Realty outperformed due to an easing in the interest rate cycle and attractive valuation, while positive global cues supported the IT and Metal indices,” market experts added.
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