Indian Equity Markets Rally on Sectoral Gains and US-India Trade Optimism

Indian equity markets surged during Wednesday's afternoon session, with the Nifty 50 breaching the 25,300 mark and the Sensex climbing over 360 points. The rally was fueled by strong performances in PSU banks, defense, and auto stocks, alongside broader Optimism from ongoing US-India trade discussions.

Financials, IT, and oil & gas sectors drove the upward momentum, while healthcare and metals lagged. Smallcap stocks outperformed, led by a 2% jump in defense shares. Market breadth remained positive, with 1,827 advancing stocks against 1,107 decliners on the NSE.

Investors await the US Federal Reserve's policy decision, which could influence near-term market direction. Tata Consumer Products and Bharat Electronics were among top gainers, while Titan and Tata Steel weighed on the index.