For the third day running, India’s equity benchmarks ended on a high note Wednesday, driven by buying in technology and property stocks. The 30-share BSE Sensex advanced 633 points or 0.83% to close at 76,704.13, not far from its day’s peak. NSE’s Nifty50 echoed the gains, up 196.65 points or 0.83% at 23,777.80.
Intraday, Sensex swung from an opening of 76,367.55 to a high of 77,000.22, while Nifty moved between 23,632.90 and 23,862.25. Midcap and smallcap indices shone brighter, with gains of 2.02% and 1.67%, underscoring strength in smaller companies.
Media stocks stole the show, surging 3.35%, with IT (2.78%) and Realty (2.75%) not far behind. Auto rose 1.92%, banks 0.82%, and financial services 0.79%, offsetting a minor FMCG decline.
Standout gainers were Tech Mahindra, HCL Tech, Infosys, Adani Ports, Mahindra & Mahindra, TCS, Axis Bank, IndiGo, L&T, Bajaj Finance, and Adani Enterprises. Losers included Cipla, HUL, Coal India, NTPC, Sun Pharma, Tata Consumer Products, Apollo Hospitals, and Hindalco.
Market cap on BSE swelled by about ₹5 lakh crore to over ₹438 lakh crore. Analysts attribute the streak to positive domestic sentiment and expectations of favorable policy measures, setting the stage for continued volatility ahead.