Indian benchmark indices staged a strong comeback on Wednesday, with the Sensex soaring nearly 790 points and the Nifty reclaiming the crucial 24,000 mark after a volatile start to the week. Robust buying in banking, IT and financial stocks helped markets recover sharply from the previous session’s losses, lifting investor sentiment across Dalal Street. The BSE Sensex ended the day close to the 77,000 level, while the NSE Nifty settled above 24,000, reflecting broad-based optimism among investors. The rally was driven by easing concerns over global markets, a decline in crude oil prices and renewed hopes surrounding a possible India-US trade agreement.
Banking & IT Stocks Power Market Rebound
Banking and information technology stocks emerged as the biggest contributors to the rally. Private lenders witnessed strong buying interest, while major IT companies rebounded after recent weakness, helping benchmark indices recover lost ground.
Market participants viewed the rally as a sign of improving confidence after a sharp correction witnessed earlier this week. Banking stocks, which carry significant weight in benchmark indices, played a key role in pushing the market higher.
Falling Crude Oil Prices Boost Sentiment
One of the major triggers behind Wednesday’s rally was the continued decline in crude oil prices. Lower oil prices are generally viewed as positive for India, as they help reduce import costs, ease inflationary pressures and improve fiscal stability.
The drop in crude prices encouraged investors to return to equities, particularly sectors that are sensitive to input costs and economic growth.
Trade Deal Optimism Supports Bulls
Investor sentiment also received support from growing expectations of progress in trade discussions between India and the United States. Market experts believe a favourable trade agreement could strengthen economic activity and improve foreign investment flows into India.
Alongside positive global cues, the prospect of stronger economic cooperation added momentum to the day’s gains.
FIIs Return As Buyers
Foreign Institutional Investors (FIIs) were seen returning to Indian equities, providing additional support to the market. Their participation helped strengthen the upward trend, particularly in large-cap banking and technology stocks.
Analysts noted that sustained foreign inflows could help the market maintain its recovery momentum in the coming sessions.
What Investors Should Watch Next
Despite Wednesday’s strong rebound, market participants remain cautious about global economic developments, interest rate expectations and corporate earnings. Experts believe the Nifty’s ability to hold above 24,000 will be closely watched in the coming days.
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The post Stock Market Today | Closing Bell: Sensex Jumps 790 Points, Nifty Tops 24,000 appeared first on NewsX.
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