The BSE Sensex surged 595 points on Wednesday, while the Nifty 50 crossed the 25,850 mark, marking a strong day for Indian equity markets. Investor sentiment was boosted by optimism over progress in US-India trade talks and expectations that the US government shutdown would soon end.
Asian Paints was the top performer, rising over 7% following a strong Q2 profit report and the announcement of an interim dividend of ₹4.50 per share. Tech Mahindra gained around 3%, supported by positive trends in the IT sector.
Most sectoral indices closed higher, with IT and midcap stocks leading the rally. Small caps were slightly muted, while the FMCG index was among the few laggards. Globally, Asian markets advanced, aided by easing risk sentiment and signs of a cooling U.S. labour market, which strengthened investor confidence.