Wednesday brought a fresh bullish vibe to Indian benchmarks, sparked by strong overseas cues. Sensex opened with a 478-point or 0.58% leap to 82,751 by 9:20 AM, as Nifty mirrored the stride, up 147 points or 0.58% at 25,570. Investors welcomed the vigor after recent sessions.
Tech titans dominated early action, crowning Nifty IT as the prime gainer. The positivity spread wide: Nifty Metal, Realty, Oil & Gas, PSE, Commodities, Services, Media, Defence, and Energy sectors all advanced, crafting a uniformly green dashboard.
The rally embraced all sizes—large-caps leading, with Nifty Midcap 100 up 235 points or 0.43% to 59,307, and Nifty Smallcap 100 rising 98 points or 0.59% to 17,058. This inclusivity highlights underlying strength.
Sensex stars shone brightly: Tech Mahindra, HCL Tech, TCS, Power Grid, Indigo, Tata Steel, NTPC, L&T, Sun Pharma, Adani Ports, Bharti Airtel, ICICI Bank, BEL. Losers like SBI, Bajaj Finance, Asian Paints were outliers in the sea of green.
Market participation skewed positive, more winners than losers. Asian peers Shanghai, Tokyo, Hong Kong, Bangkok, Jakarta, Seoul traded up, buoyed by Tuesday’s US market gains.
Insiders note FII selling tapered to Rs 102.53 crore Tuesday, countered by DIIs’ hefty Rs 3,161.22 crore inflows. This balance has fueled the rebound.
Bullion markets aligned, gold gaining 0.44% to $5,199/oz, silver over 2% to $89/oz. With global eyes watching, India’s market could sustain this trajectory through key economic releases.