Mumbai’s stock market kicked off Wednesday on a high note, thanks to upbeat news from US-India trade talks and solid global market vibes. Investors are buzzing about US President Donald Trump’s push to strengthen ties with India and Prime Minister Narendra Modi’s warm welcome to the idea. This positive momentum is clearly lifting the Indian stock market today.
Early trading saw the Sensex surge by 334 points, or 0.41%, to hit 81,435. Meanwhile, the Nifty climbed 106 points, or 0.43%, reaching 24,975. Broader markets joined the party too, with the Nifty Midcap 100 up 0.73% and the Nifty Smallcap 100 gaining 0.71%. These gains show strong interest in mid and small-cap stocks amid the overall bullish sentiment.
In the Nifty’s top performers, heavyweights like Larsen and Toubro, Kotak Mahindra Bank, Dr. Reddy’s Laboratories, and TCS led the charge with solid rises. On the flip side, Hero MotoCorp, Maruti Suzuki, Tata Steel, and Hindalco faced some pressure as the major losers.
Sector-wise, the Nifty IT index stole the show, jumping 1.88% to become the biggest gainer. Nifty PSU Bank and Nifty Realty also shone bright with healthy increases. Only Nifty Auto dipped 0.33%, while Nifty Consumer Durables stayed in the red, highlighting a mixed bag in the auto and durables space.
Looking back at Tuesday, the Nifty hit resistance around the 24,900 level for the second day in a row. It formed a small green candle with a long lower shadow on the daily chart, pointing to some consolidation and intraday swings in the Indian stock market. Devarsh Vakil, Head of Prime Research at HDFC Securities, shared his take: “Nifty kept climbing yesterday, marking its fifth straight session of gains and closing at a two-week high. By staying above 24,791, it reclaimed the 50-day EMA level. Now, it’s firmly above its 5, 10, 20, and 50-day moving averages—a clear bullish sign on short-term charts.”
Market experts point out that buyers are stepping in at lower levels, but the 24,900–25,000 range remains a tough barrier for the Nifty index. They see immediate support at 24,620, and as long as it stays below 25,000, we might see more consolidation or slight dips in the stock market trends.
Overnight, US stock markets rallied hard, fueled by hopes of Federal Reserve rate cuts after weaker-than-expected US jobs data. The Dow Jones Industrial Average rose 0.43%, Nasdaq gained 0.37%, and S&P 500 added 0.27%. This positive US market performance is spilling over to boost Asian and Indian indices today.
Asian markets opened green across the board. China’s Shanghai index climbed 0.17%, Shenzhen edged up 0.24%, Japan’s Nikkei rose 0.6%, Hong Kong’s Hang Seng jumped 0.98%, and South Korea’s Kospi surged 1.55%. These strong global cues are helping drive the Indian stock market higher.
On the investment front, foreign institutional investors (FIIs) ended their 11-day selling run by buying stocks worth Rs 2,050 crore on Tuesday. Domestic institutional investors (DIIs) also chipped in, netting purchases of Rs 83 crore. This fresh buying interest could keep the momentum going in the coming sessions.
