Benchmark stock market indices closed higher on Wednesday, closing in green for the 4th consecutive day, fuelled by a rally in information technology (IT) and auto shares.
The S&P BSE Sensex jumped 633.29 points to close at 76,704.13, while the NSE Nifty50 added 196.65 points to end at 23,777.80.
Vinod Nair, Head of Research, Geojit Investments Limited, said that markets extended their recovery, supported by opportunistic buying after the recent sell-off.
“The rebound was broad-based, driven by a combination of short covering and value buying, with leadership from IT, realty, and auto sectors, alongside strength in mid- and small-cap stocks,” he added.
After the closing bell, Eternal Ltd led the Sensex gainers, rising 3.37%. It was followed by Infosys Ltd, which gained 2.84%. Tech Mahindra Ltd moved up 2.81%, while Mahindra and Mahindra Ltd added 2.73%. HCL Technologies Ltd also ended higher, rising 2.62%.
NTPC Ltd saw the sharpest fall, dropping 1.29%. Hindustan Unilever Ltd declined 1.04%, Sun Pharmaceutical Industries Ltd fell 0.87%, HDFC Bank Ltd was down 0.34%, and ITC Ltd slipped 0.30% at the close.
“Long-term value persists, however, near-term upside remains constrained due to ongoing geopolitical tensions, elevated crude prices, and continued rupee depreciation,” said Nair.
“Investors are now awaiting policy decisions from major global central banks—including the Fed, ECB, BoJ, and BoE—where guidance will be crucial in assessing the impact of the US–Iran conflict on the future interest rate outlook,” he added.
