Indian stock markets ended higher on Wednesday, recovering from the previous session’s weakness as investors returned to buying after fresh earnings updates and gains in heavyweight stocks. The BSE Sensex rose 609 points to close at 77,496, while the NSE Nifty 50 advanced 182 points to settle at 24,178.
The rebound was led by strong buying in auto, technology and consumer stocks. Market sentiment improved as investors reacted positively to quarterly results and picked quality stocks after Tuesday’s decline.
Among the top gainers were Maruti Suzuki, Reliance Industries, Tech Mahindra, ITC and Coal India. Maruti gained on positive demand expectations in the auto sector, while Reliance supported the benchmark with steady buying interest. IT shares, including Tech Mahindra, also moved higher as investors showed renewed interest in the sector.
On the losing side, InterGlobe Aviation (IndiGo), Dr Reddy’s Laboratories, NTPC, ICICI Bank and Bajaj Finserv were among the key laggards. Some stocks saw profit booking after recent gains, especially in banking and defensive sectors.
Sector-wise, auto stocks were among the strongest performers, followed by IT and FMCG counters. Broader markets were mixed, with select small-cap shares gaining while mid-cap stocks traded in a narrow range.
Rising oil prices continue to be watched closely, as they can increase India’s import costs and inflation pressures. Investors are also monitoring global central bank signals and foreign fund flows for further direction.
The rupee remained under some pressure, but the strong close in equities suggested that domestic sentiment remains resilient. Traders said investors are still using dips as buying opportunities.
Analysts said company earnings remained the main driver of market movement, with investors rewarding firms that delivered strong quarterly numbers. Domestic buying support also helped markets stay firm despite concerns over global uncertainty and high crude oil prices.
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