Stock Market Updates: Sensex Surges 600 Points, Nifty Above 25,800; IT, Auto Stocks Rally

Stock Market Today

Sensex Today: Indian benchmark indices ended higher on Wednesday, led by strong gains in IT and auto stocks.

The BSE Sensex rose 595 points, or 0.71%, to close at 84,466.51, while the Nifty50 advanced 180.85 points, or 0.7%, to end at 25,875.80.

Among Sensex constituents, Asian Paints, Tech Mahindra, and Bajaj Finserv were the top gainers, whereas Tata Steel, Tata Motors PV, and BEL were among the major laggards. On the NSE, Asian Paints, Adani Enterprises, and Tech Mahindra led the gains, while Tata Motors PV, Tata Motors CV, and Tata Steel declined.

Broader markets also mirrored the positive sentiment, with the Nifty Midcap 100 rising 0.79% and the Nifty SmallCap index up 0.82%.

Sectorally, Nifty IT emerged as the top performer, gaining 2.04%, followed by Nifty Auto and Nifty Pharma, which advanced 1.24% and 1%, respectively.

Global Market Update

Asian markets traded mostly higher on Wednesday, following overnight gains on Wall Street. Investor sentiment improved amid optimism over a possible resolution to the US government shutdown and sectoral rotation away from AI and tech stocks.

Japan’s Nikkei 225 slipped 0.26%, while the Topix gained 0.35%. South Korea’s Kospi was flat, but the Kosdaq advanced 0.62%. Australia’s S&P/ASX 200 inched up 0.13%, signaling a mildly positive tone across the Asia-Pacific region.

In the US, the Dow Jones Industrial Average climbed 1.18% to a record closing high, while the S&P 500 rose 0.21%. The Nasdaq Composite, however, edged down 0.25% as investors rotated out of tech stocks.