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Sensex jumps over 1,100 points
New Delhi: Riding on a global market upswing fueled by hopes of easing tensions in West Asia, Indian equities staged a powerful comeback on Wednesday. After two days of sharp declines, both the Sensex and Nifty rebounded strongly, reflecting renewed investor optimism.
By the closing bell, the Sensex had surged 1,186.77 points (1.65%) to settle at 73,134.32, while the Nifty climbed 348 points (1.56%) to end at 22,679.40. This rally significantly boosted investor wealth, with the total market capitalization of BSE-listed companies rising from Rs 411 lakh crore to Rs 422 lakh crore-an impressive gain of Rs 11 lakh crore in a single session.
Top Gainers and Losers
Among the Sensex heavyweights, Trent led the rally with a sharp 6.74% gain, closing at Rs 3,516.75. InterGlobe Aviation (IndiGo) followed with a 6.22% rise. Other notable gainers included Adani Ports (up 5.47%), Bharat Electronics (BEL) (4.54%), State Bank of India (SBI) (3.89%), and Eicher Motors (3.34%).
On the flip side, a few stocks faced mild pressure. Sun Pharma, NTPC, and Power Grid Corporation declined by as much as 1.64%. Meanwhile, Reliance Industries, SBI, HDFC Bank, Larsen & Toubro (L&T), and Axis Bank were among the key contributors driving the Sensex higher.
Expert Insights
According to Vinod Nair, Head of Research at Geojit Investments Ltd., the rally was supported by broad-based buying, with mid-cap and small-cap stocks outperforming large caps. Factors such as a stable rupee and easing crude oil prices further strengthened market sentiment.
He noted that sectors like Banking, Chemicals, Metals, and Realty outperformed during the session. However, rising bond yields and intraday volatility limited the extent of gains, making the rally steady rather than explosive.
All major sectoral indices ended in the green. The BSE PSU Bank index rose 3.66% to close at 4,583.75, while the BSE IT index gained 2.40% to settle at 28,596.85.
Ponmudy R, CEO of Enrich Money, emphasized that the sustainability of this bullish momentum will depend on concrete de-escalation in geopolitical tensions, particularly in West Asia. He also highlighted the importance of reopening critical energy routes like the Strait of Hormuz and ensuring stability across global equity and commodity markets.
