MUMBAI, India — Indian equity markets ended higher on Wednesday, with benchmark indices finishing near the day’s highs, driven by strong buying in information technology and real estate stocks as investors remained cautious ahead of the U.S. Federal Reserve’s policy announcement.
The Nifty 50 rose 196.65 points, or 0.83 percent, to close at 23,777.80. The BSE Sensex gained 633.29 points, also up 0.83 percent, to settle at 76,704.13.
Market participants pointed to continued recovery momentum, though key technical levels remain in focus. Analysts said immediate support for the Nifty is seen around 23,650, with a stronger base near 23,350. “Holding above these levels will be crucial to sustain the ongoing recovery momentum in the near term,” an analyst said.
On the upside, 23,850 remains a near-term resistance level. “A decisive breakout above this level could extend the recovery toward the 24,000–24,300 zone, which aligns with a previous support-turned-resistance area,” the analyst added.
Among individual stocks, Eternal and Tech Mahindra were among the top gainers in the Nifty index, posting strong advances during the session.
Broader markets outperformed the headline indices, signaling wider investor participation. The Nifty MidCap index climbed 1.94 percent, while the Nifty SmallCap index rose 1.70 percent by the close.
Sectorally, the Nifty IT index led the gains, supported by buying across technology stocks. The Nifty Media and Nifty Realty indices also posted solid gains. However, weakness was observed in the Nifty Metal and Nifty FMCG indices, which ended the session lower.
Investors are now closely watching the outcome of the U.S. Federal Reserve’s policy meeting expected later Wednesday. While the central bank is widely anticipated to keep interest rates unchanged, markets are focused on its commentary for signals on the interest rate outlook, particularly in light of geopolitical tensions involving Iran.
Analysts said overall sentiment remains positive but cautious, with global developments continuing to influence investor confidence. (Source: IANS)
