The Indian stock market staged a strong recovery on Wednesday as benchmark indices rebounded from early losses, supported largely by gains in IT stocks. The S&P BSE Sensex rose by 213.45 points, closing at 81,857.84, while the NSE Nifty50 added 69.90 points to settle at 25,050.55. Market sentiment was buoyed by positive domestic inflows and supportive macroeconomic conditions, which helped offset concerns about global uncertainties.
Vinod Nair, Head of Research at Geojit Investments Limited, noted that the momentum in the market was sustained by a mix of local investor participation and favorable economic tailwinds. However, he cautioned that elevated valuations and external risks, particularly U.S. tariffs and sanctions on Russian crude purchases, remain a challenge. He emphasized that clarity on U.S. trade policies and the trajectory of corporate earnings growth will play a crucial role in shaping investor confidence going forward.
Among individual stocks, IT majors took the lead in driving the market higher. Infosys surged 3.88%, Tata Consultancy Services advanced 2.69%, Hindustan Unilever climbed 2.46%, NTPC rose 2.10%, and Tata Steel gained 1.79%. On the downside, Bharat Electronics slipped 2.16%, Bajaj Finance fell 1.64%, Tata Motors lost 1.49%, Trent dropped 0.82%, and ITC declined 0.75%.
The broader markets also ended in positive territory, with Nifty Midcap100 rising 0.46% and Nifty Smallcap100 gaining 0.30%. Volatility was muted as the India VIX dipped slightly by 0.04%, indicating lower market nervousness. Sectorally, Nifty IT was the star performer with a sharp rally of 2.69%, followed by Nifty FMCG, which gained 1.39%, and Nifty Realty, which climbed 1.06%. Other sectors, such as Nifty Metal, Consumer Durables, and Auto, registered marginal gains. In contrast, Nifty Media witnessed the steepest fall at 1.98%, while Nifty Financial Services, Pharma, Private Bank, PSU Bank, Healthcare, and Oil and Gas also ended in the red with minor declines.
Global cues continued to weigh on investor sentiment as markets awaited the release of the U.S. Federal Open Market Committee minutes later in the day. Investors are also keenly focused on the upcoming speech by U.S. Federal Reserve Chair Jerome Powell at the Jackson Hole symposium, which is expected to offer insights into the central bank’s future policy stance.
