Indian equities kicked off Wednesday on a positive note, reflecting optimism among investors as fresh trade discussions between India and the US captured attention.
The BSE Sensex surged 358 points, or 0.44%, reaching 81,460. Simultaneously, the NSE Nifty50 climbed 108 points, or 0.43%, to settle at 24,977.
Key contributors to the Sensex rally included TCS, HCL Tech, Tech Mahindra, BEL, L&T, Infosys, Kotak Bank, and Adani Ports, each posting gains of over 1%.
The market reaction followed comments from US President Donald Trump, who mentioned on Truth Social that the US and India would resume talks to address trade barriers. He also highlighted plans to engage with Prime Minister Narendra Modi.
In a separate post, Trump urged the European Union to consider imposing tariffs of up to 100% on India and China, aiming to pressure Russian President Vladimir Putin. This added to investor sentiment, influencing equities across sectors.
The broader market reflected a similar positive trend. The Nifty MidCap index rose 0.85%, while the Nifty SmallCap index increased 0.77%, indicating strength beyond the top-tier companies.
Sector-wise, the Nifty IT segment led gains with a 1.12% jump. Realty stocks followed with a 0.9% rise, and PSU banks advanced 0.7%, highlighting diversified market participation.
Asian markets mirrored the bullish trend. China’s CSI 300 climbed 0.27%, Hong Kong’s Hang Seng added 0.39%, and Japan’s Nikkei edged up 0.21%. South Korea’s KOSPI led regional gains, surging 1.3%.
Investors kept an eye on China’s upcoming August consumer price index and producer price index, anticipating data that could influence regional markets further.
Across the Pacific, Wall Street closed at record highs. The Dow Jones increased 0.43%, the S&P 500 gained 0.27%, and the Nasdaq rose 0.37%, fueled by optimism over potential Federal Reserve interest rate cuts.
US investors are now waiting for the August producer price index release, which may offer additional insight into the Fed’s rate-cut strategy.
The combination of domestic market strength, supportive US cues, and Asian optimism created a favorable environment for Indian equities today. Traders monitored both global and local developments closely.
Avanti Feeds emerged as a standout performer, zooming 9% amid overall market gains, capturing investor attention and adding momentum to the session.
Market participants remain attentive to the evolving India-US trade talks and their implications for sectors like IT, banking, and infrastructure. The current rally reflects both global sentiment and domestic optimism.
Overall, investor confidence appears sustained, with benchmarks advancing and key sectors showing resilience. The market momentum continues to encourage participation from a wide spectrum of investors.