Sensex Gains Over 1,200 Points, Nifty Climbs Amid Positive Investor Sentiment

Indian equity markets witnessed a strong rally for the second consecutive session on Wednesday, with benchmark indices closing nearly 2 percent higher, supported by falling crude oil prices and easing geopolitical tensions in West Asia. The 30-share BSE Sensex surged by 1,205 points, or 1.63 percent, to settle at 75,273.45. During the day, the index had climbed as much as 1,781.31 points, reflecting robust buying interest. Similarly, the NSE Nifty advanced by 394.05 points, or 1.72 percent, to close at 23,306.45. The gains were driven by improved investor confidence amid favourable global cues. Among the major gainers in the Sensex pack were UltraTech Cement, Bajaj Finance, Larsen & Toubro, and Titan Company. On the other hand, shares of Tech Mahindra and Tata Consultancy Services ended in the red. Market experts attributed the rally to a decline in global crude oil prices and expectations of reduced tensions in West Asia. Reports of possible diplomatic progress between the United States and Iran, along with prospects of a ceasefire, have pushed international oil prices below the $100 per barrel mark. This development has had a positive impact on Asian and European markets as well. Despite foreign institutional investors (FIIs) offloading shares worth ₹8,009.56 crore on Tuesday, sustained buying by domestic investors helped maintain market momentum. Analysts noted that the resilience of domestic flows played a key role in supporting the upward trend in equities.