Indian equity markets extended their winning run for a third straight session on Wednesday. Persistent buying in IT, pharma, and auto stocks lifted both benchmark indices. The Sensex closed at 84,466.51, up 595.19 points (0.71%), while the Nifty ended at 25,875.80, rising 180.85 points (0.70%).
The Sensex opened sharply higher at 84,238.86, maintaining steady momentum throughout the day. Strong demand for heavyweights like TCS, Infosys, Adani Ports, and Sun Pharma supported gains, while Tata Steel and Tata Motors ended lower.
According to Vinod Nair, Head of Research at Geojit Financial Services, global equities rallied on improved risk appetite. Optimism grew around the possible resolution of the U.S. government shutdown and expectations of early Fed rate cuts. Positive domestic cues such as easing inflation, robust GDP growth, and healthy FY26 earnings outlook also boosted investor confidence.
Sectorally, Nifty IT rose 2.04%, Nifty Auto gained 1.24%, and Nifty Bank added 0.23%. Broader indices also advanced, with Nifty Midcap 100 up 0.79% and Smallcap 100 up 0.82%. The rupee traded mildly weaker at ₹88.62, while the dollar index hovered near $99.60 ahead of key U.S. CPI data.
