Banking and realty shares top gainers as Indian indices rise

Mumbai – The Indian stock market started Wednesday on an upbeat note, propelled by strong global cues. The Sensex advanced 236.01 points to 77,892.10, a 0.30% rise, while the Nifty climbed 7.40 points to 24,341.95.

Banking and real‑estate stocks were the primary drivers. The Nifty PSU Bank, Nifty Realty and Nifty Private Bank indexes led the gains, followed by Financial Services, Media, Services, PSE and Energy, all registering positive returns. In contrast, the Metal, Healthcare, IT, India Manufacturing, Infra and Auto indices ended in the red.

Among the Sensex constituents, winners included Eternal, ICICI Bank, Asian Paints, Bajaj Finserv, Ultratech Cement, Adani Ports, Indigo, SBI, Bajaj Finance, Tech Mahindra, Trident, Axis Bank, TCS, HUL, HCL Tech, Kotak Mahindra Bank and Maruti Suzuki. The falling stocks were Infosys, Tata Steel, Bharti Airtel, L&T, BEL, M&M, HDFC Bank and Titan.

Two key factors underpinned the optimism: a reported cease‑fire between the United States and Iran along with renewed shipping through the Strait of Hormuz, which drove Brent crude down to $86.3 per barrel, and a fall in the U.S. 10‑year Treasury yield to 4.64%, both supportive of equity markets.

The broader Asian picture was similarly positive, with Tokyo, Shanghai, Hong Kong, Seoul, Bangkok and Jakarta all posting gains. In the United States, the Dow Jones closed up 0.30% and the Nasdaq’s technology index rose 0.66%.