Sensex and Nifty closed sharply higher on Wednesday as the markets staged a strong rebound after recent weakness. The Sensex jumped 1,022 points to end at 85,609, while the Nifty rose 320 points to settle at 26,205.
The rally was broad-based, with both mid-cap and small-cap indices gaining around 1.2 percent. All major sectors ended in the green as investors turned upbeat on the back of softer crude-oil prices and renewed hopes of a US Federal Reserve rate cut. Buying was strong in banking, metals, oil & gas, and financial services stocks, helping lift overall sentiment.
Among the top gainers of the day were JSW Steel, HDFC Life, Bajaj Finance, Bajaj Finserv and Jio Financial Services, which saw healthy buying interest throughout the session. On the other hand, Bharti Airtel, Asian Paints and SBI Life ended as the notable losers, slipping slightly despite the broader market rally.
Analysts said the combination of favourable global cues, easing commodity prices and sustained domestic participation helped markets post one of their best sessions in recent weeks. They added that investors will now watch global rate signals, foreign fund flows and crude-oil trends to gauge whether this strong momentum can continue in the coming days.