Indian stock markets staged a strong comeback on Wednesday after several sessions of muted trading, as positive global cues and optimism surrounding trade negotiations between India and the United States lifted investor sentiment. Both benchmark indices rallied nearly 1%, with gains across key sectors such as information technology, energy, and banking driving the uptrend. Broader markets also mirrored the positive mood, suggesting a broad-based recovery in investor confidence.
The S&P BSE Sensex surged 663.63 points to 84,534.95, while the NSE Nifty50 advanced 196.25 points to 25,891.20 as of 11:38 a.m. The sharp rise followed days of sluggish movement, with traders returning to buying amid easing global concerns and signs of improving risk appetite.
Technology and energy stocks led the rally, with Tech Mahindra climbing 3.22%, Tata Consultancy Services up 2.26%, Adani Ports gaining 1.81%, and Reliance Industries advancing 1.76%. Other notable gainers included Eternal and Trent, which rose 1.39% and 1.36%, respectively.
However, not all counters participated in the rally. Tata Motors declined 0.75%, Bharat Electronics fell 0.73%, Tata Steel slipped 0.55%, and Hindustan Unilever edged down 0.26% as investors booked profits in select heavyweight stocks.
The technology sector was the standout performer of the day. The Nifty IT index jumped nearly 2%, supported by broad gains across major players. Tech Mahindra rose 3.35%, LTIMindtree gained 3.06%, and Mphasis climbed 2.82%, while Infosys, TCS, HCLTech, and Wipro also traded in the green. Analysts attributed the sector’s strength to improving global demand prospects and waning recession fears in the United States.
Investor optimism was further buoyed by remarks from U.S. President Donald Trump, who said that Washington and New Delhi were close to finalising a trade deal. The news provided a significant boost to export-oriented sectors and helped counterbalance global uncertainties. Hopes that the ongoing U.S. government shutdown might soon end also improved the broader trade outlook.
Positive momentum across Asian markets added to the bullish sentiment on Dalal Street. The MSCI Emerging Market Asia Index rose 0.5%, led by strength in South Korea and Taiwan. Taiwan’s benchmark index gained more than 1%, with chipmaker TSMC rising 1.4%, while Singapore’s FTSE Straits Times index hit a fresh high of 4,556.65 on the back of banking stocks.
Other Asian markets also posted gains, with Manila’s benchmark climbing 1.6% and Indonesia’s index up 0.4% amid strength in top lenders. The combination of upbeat regional cues, renewed buying interest in IT and energy stocks, and hopes of progress in India–US trade talks lifted overall market sentiment, indicating potential for further upside in the sessions ahead.
