Mumbai– Indian stock markets ended higher on Wednesday, lifted by positive global cues and a decline in crude oil prices. Strong buying interest in realty, PSU bank, and metal stocks further bolstered investor sentiment.
The Sensex climbed 575.45 points, or 0.70 percent, to close at 82,605.43, while the Nifty advanced 178.05 points, or 0.71 percent, to finish at 25,323.55.
“The Nifty opened on a firm note and maintained a higher-high, higher-low structure throughout the session, signaling sustained bullish momentum,” market analysts said.
After an early surge, the Nifty entered a narrow consolidation phase between 25,280 and 25,330, spending much of the session fluctuating within the 25,300–25,400 range for the third straight day. Experts noted that this pattern suggests a short-term distribution phase, with persistent selling near the 25,400 resistance zone. A breakout above this level, they said, could pave the way for a rally toward 25,600–26,000, supported by encouraging second-quarter earnings momentum.
Broader markets outperformed the benchmarks, with the Nifty MidCap 100 index up 1.11 percent and the Nifty SmallCap 100 index gaining 0.82 percent.
Among sectoral indices, all except Nifty Media closed in the green. The Nifty Realty index led the rally with a 3.04 percent jump, followed by Nifty PSU Bank, Metal, and Financial Services indices, each gaining more than 1 percent.
In the Sensex pack, Bajaj Finance, Bajaj Finserv, Trent, Asian Paints, Adani Ports, and Tata Steel were among the top gainers. On the downside, Infosys, Tata Motors, Tech Mahindra, and Axis Bank ended in the red, capping some of the market’s gains.
Analysts attributed the upward momentum to easing crude oil prices, strong domestic participation, and stable global markets. They also noted that the decline in the U.S. 10-year yield and the strengthening rupee indicate a potential shift in foreign institutional investor (FII) sentiment toward emerging markets such as India.
“Realty stocks outperformed due to easing interest rate expectations and attractive valuations, while positive global cues supported the IT and Metal indices,” analysts added. (Source: IANS)
