Indian Equity Indices Surge on Global and Domestic Optimism
Indian benchmark indices rallied sharply on Wednesday, with the Sensex gaining 623 points (0.76%) to 82,653.08 and the Nifty 50 rising 199 points (0.79%) to 25,344.95 by early afternoon. The uptick was fueled by bullish Asian markets and growing expectations of US Federal Reserve rate cuts.
Sectoral momentum was broad-based, with power, metals, and telecom leading the charge. The realty index outperformed, while midcaps ROSE over 1%. Bajaj Finance, Nestle India, and Jio Financial topped the Nifty 50 gainers with 2-3.5% advances, contrasting with Infosys' underperformance.
Market breadth remained positive as 1,925 stocks advanced versus 1,043 declines on the NSE. The rally reflects confidence in corporate earnings and accommodative monetary policy trajectories globally.
