Key Takeaways
- Sensex and Nifty both gained 0.70% on positive domestic and global cues
- Bihar exit polls favoring NDA and India-US trade deal progress boosted investor confidence
- Asian Paints surged over 6% after strong Q2 results with 47% profit growth
Indian stock markets extended their winning streak on Wednesday, with both benchmark indices climbing about 0.70% amid renewed optimism. The rally was fueled by exit polls predicting an NDA victory in Bihar and progress in India-US trade negotiations.
The BSE Sensex jumped 595.19 points to close at 84,466.51, while the NSE Nifty50 gained 180.85 points to settle at 25,875.80. Global factors including potential resolution of the US government shutdown and expectations of Federal Reserve rate cuts further supported market sentiment.
Expert Views on Market Momentum
“Investor sentiment remained upbeat despite heightened volatility ahead of the Bihar election results. On the global front, optimism grew as the US Senate made progress toward ending the government shutdown, while expectations of a possible Federal Reserve rate cut next month further boosted risk appetite,” said Ashika Institutional Equities.
Siddhartha Khemka of Motilal Oswal Financial Services highlighted multiple positive drivers: “The U.S. softening its trade stance toward India, steady Q2 earnings, Bihar exit polls favoring NDA, and record-high SIP inflows all contributed to the bullish sentiment.”
Sector Performance and Broader Markets
Information technology stocks led the sectoral gains, with the Nifty IT index surging nearly 2% for its third straight session of advances. Positive comments from Trump regarding skilled foreign workers improved visa policy outlook.
Broader markets mirrored the bullish trend, with both midcap and smallcap indices rising 0.8% each.
What Investors Are Watching Next
Markets now await key economic data releases including UK GDP, US CPI, and Initial Jobless Claims due Thursday. Quarterly results from major companies like Eicher Motors, Hero Motocorp, and Muthoot Finance will also be closely monitored.
“We expect markets to maintain their positive bias, supported by the ongoing earnings season, constructive progress on the India–US trade deal, and improving global cues,” he said.
Top Performers and Stock Highlights
Among Sensex constituents, Asian Paints emerged as the standout performer, soaring over 6% after reporting impressive Q2 results. The company achieved 10.9% domestic decorative volume growth and a 47% year-on-year profit increase to Rs 1,018 crore.
Other major gainers included Tech Mahindra, Tata Consultancy Services, Bajaj Finserv, Adani Ports, and Infosys, reflecting broad-based buying interest across sectors.
