Wednesday brought a thrilling turnaround for Dalal Street, as the Sensex catapulted almost 700 points, peaking at 82,957.91—732 points above Tuesday’s close of 82,225.92. Erasing yesterday’s losses, the market’s vigor stems from a potent mix of factors.
IT sector enthusiasm took center stage, with Nifty IT up 2.27%. AI’s disruptive force is seen as a game-changer for software giants, creating efficiencies and ventures alike. High-profile tie-ups, including Anthropic-Infosys and OpenAI-TCS, fuel this narrative.
Global tailwinds provided extra thrust: upbeat US closes on Tuesday rippled positively through Asia, lifting Indian sentiment.
A stronger rupee at 90.89 (up 6 paise) amid dollar weakness sweetened the deal, drawing inflows into equities.
FIIs’ behavior flipped positively—massive Monday buys of Rs 3,483.70 crore dwarfed yesterday’s Rs 102.53 crore sell-off. This trend points to ebbing caution and rising bets on India’s economy.
As trading winds down, the session underscores market maturity in navigating ups and downs. With these positives aligning, the outlook brightens for continued momentum.