Indian equities finished higher on Wednesday, extending gains for a second straight session.
The Sensex climbed 313 points to close at 82,693, while the Nifty rose 91 points to 25,330.
The rally was driven by optimism over progress in India–U.S. trade talks and hopes that the Federal Reserve will cut rates later today.
Top Movers
On the Sensex, SBI, Bharat Electronics, Kotak Mahindra Bank, Maruti Suzuki, and Trent were among the top gainers, rising between 1% and 3%.
Broader markets also joined the party — small-caps gained 0.7% and mid-caps inched up 0.1%.
IT stocks added 0.7% too, lifted by expectations of a Fed rate cut.
Big Debut
Meanwhile, Urban Company made a stellar debut, soaring 62% above its issue price of ₹103 on listing day.
Expert Views
Analysts say the market’s momentum is underpinned by strong domestic inflows, currency stability, and improving macros.
Ajit Mishra of Religare Broking advises investors to stick with a “buy on dips” approach, with support for the Nifty seen around the 25,050–25,150 zone.
Global Markets & Commodities
Globally, markets traded cautiously ahead of the Fed’s decision.
European stocks opened higher.
Hang Seng jumped 1.8% on positive TikTok deal signals.
Gold eased 0.6% after briefly crossing $3,700 an ounce.
Brent crude slipped to $68.06 a barrel, while WTI fell to $64.15.
Rupee Check
The Indian rupee strengthened 0.27% to 87.81 against the dollar, its strongest single-day gain in nearly a month, supported by a weaker US dollar and upbeat trade talk sentiment.
That’s all for today’s market wrap. This is Neha Vashishth for ET Market Watch.
Stay tuned for more updates, and don’t forget, markets reward discipline, not emotion.