Markets – Sensex and Nifty Rally Sharply Amid Broad-Based Buying
Markets – Indian benchmark indices ended Wednesday’s session on a strong note as buying activity across several sectors lifted investor sentiment throughout the trading day.
The BSE Sensex settled at 77,958.52, advancing 940.73 points or 1.22 per cent by the close. The NSE Nifty 50 also registered healthy gains, finishing at 24,330.95 after rising 298.15 points, equivalent to 1.24 per cent. The rally reflected sustained optimism in domestic equities despite mixed movement in select heavyweight stocks.
Strong Buying Seen in Select Blue-Chip Stocks
Among the top-performing shares of the session were Indigo, which climbed 6.72 per cent, followed by Trent with a rise of 4.09 per cent. Asian Paints also attracted strong buying interest and gained 3.81 per cent during the day’s trade.
On the other hand, a few major counters ended lower. Reliance Industries slipped 1.72 per cent, while HCL Tech declined 0.78 per cent. ITC also closed in the red with a marginal loss of 0.27 per cent.
Early Trade Set the Tone for Market Momentum
The domestic market had opened with positive momentum earlier in the day. At the opening bell, the Sensex was trading at 77,536.67, up 518.88 points or 0.67 per cent. Simultaneously, the Nifty 50 moved higher to 24,218.80, reflecting a gain of 186 points or 0.77 per cent.
The positive opening encouraged continued participation from investors, helping both benchmark indices maintain upward momentum through the session. Market participants remained focused on global trends, commodity prices, and sector-specific developments.
Crude Oil Prices Decline Sharply
Global crude oil prices witnessed a significant correction during the trading session. Brent Crude dropped to USD 101.01 per barrel, recording a decline of USD 8.88 or 8.08 per cent. Crude Oil prices also weakened to USD 92.59, down by 9 per cent.
Earlier in the day, Brent crude had traded near USD 108.02, while West Texas Intermediate stood around USD 100.39 before extending losses later in the session. The decline in oil prices remained one of the key developments monitored closely by investors and analysts.
Gold Prices Continue Upward Trend
Unlike crude oil, gold prices moved higher amid global market fluctuations. Gold was quoted at USD 4,698.15, reflecting an increase of USD 144.17 or 3.13 per cent at the time of reporting.
Earlier during market hours, the precious metal had already shown strength, trading at USD 4,647.25 with gains of nearly 2 per cent. The rise in gold prices indicated continued investor preference for safe-haven assets amid changing global economic signals.
Asian Markets End Mostly Higher
Major Asian equity markets also traded in positive territory on Wednesday. South Korea’s KOSPI emerged as the standout performer, surging 6.64 per cent to reach 7,397.76.
Elsewhere in the region, China’s Shanghai Composite advanced 1.27 per cent, while Hong Kong’s Hang Seng index gained 0.64 per cent. Additional gains were recorded in Taiwan Weighted, Jakarta Composite, and Singapore’s Straits Times index.
Japan’s Nikkei 225 also ended marginally higher, rising 0.38 per cent during the session. The broader strength across Asian markets contributed to positive sentiment in Indian equities as well.