Indian equities roared back to life on Wednesday, with the Sensex leaping close to 700 points and hitting a peak of 82,957.91—up 732 points from Tuesday’s close. This rebound comes hot on the heels of a steep fall, driven by a confluence of domestic and international triggers.
IT heavyweights stole the show, propelled by AI fervor. The Nifty IT index rose 2.27%, buoyed by expectations of revolutionary changes in software operations and fresh opportunities. Partnerships such as Infosys-Anthropic and TCS-OpenAI are prime examples of how AI is reshaping the landscape.
Positive cues from Wall Street played a pivotal role too. American markets ended the prior session on a high note, inspiring Asian bourses including India’s to follow suit with strong gains.
Currency movements favored bulls as well. The rupee appreciated 6 paise to 90.89 versus the USD, thanks to a softening dollar index. This development enhanced the appeal of Indian stocks for overseas buyers.
FII activity turned encouraging, with net purchases dominating recent sessions. Monday saw a hefty Rs 3,483.70 crore inflow, offsetting yesterday’s small outflow of Rs 102.53 crore. Such patterns indicate foreign money warming up to India’s growth story.
Market participants remain cautiously optimistic, watching for sustained buying to confirm the uptrend. Today’s action highlights resilience in the face of volatility, setting the stage for potential further advances.