extended morning gains to trade over 1 per cent higher in afternoon trade on Wednesday, with the Sensex rising 913.81 points to 85,500.82 and the Nifty advancing 286.45 points to 26,171.25 as of 1 pm. The rally built on morning momentum driven by strong global cues and expectations of US Federal Reserve rate cuts following data indicating cooling inflation and softening demand.
The opened at 84,503.44 against its previous close of 84,587.01, while the started at 25,842.95 compared to the prior session’s close of 25,884.80. Both indices sustained gains through the session, with the Nifty recording a 1.11 per cent increase and the Sensex adding 1.08 per cent.
Market breadth remained firmly positive with 2,728 stocks advancing against 1,229 declines on the BSE, where 4,144 stocks were traded. A total of 95 stocks touched 52-week highs while 126 hit 52-week lows. Some 160 stocks were locked in the upper circuit and 148 in the lower circuit.
led the Nifty gainers with a 3.64 per cent jump to ₹1,152.50, followed by which rose 2.47 per cent to ₹785.50. gained 2.35 per cent to ₹1,009.40, while climbed 2.26 per cent to ₹2,076. advanced 2.14 per cent to ₹307.25.
Only two stocks declined on the Nifty index. fell 1.39 per cent to ₹2,131.60, while edged down 0.04 per cent to ₹2,030.10.
Broader indices mirrored the benchmark’s strength, with the Nifty Next 50 up 1.32 per cent at 69,074.60, Nifty Financial Services rising 1.28 per cent to 27,761.50, and Nifty Bank adding 1.11 per cent to 59,472.20. The Nifty Midcap 100 gained 1.04 per cent to 60,925.05, and the Nifty Smallcap 100 advanced 1.10 per cent to 17,925.70.
Foreign institutional investors turned net buyers with inflows of ₹785.30 crore, while domestic institutional investors pumped in approximately ₹3,912 crore. Crude oil prices remained at $57.2 per barrel on reports of a revised Ukraine-Russia peace framework, while India VIX stood at 12.24 in the morning, indicating stable market sentiment.