The Indian stock market witnessed a significant recovery on Wednesday, with both the Sensex and Nifty posting their biggest single-day gains in a month. The market rallied from early morning levels, with broader markets outperforming the benchmarks, driven by strong buying across key sectors.
At the close, the Sensex surged 740 points to finish at 73,730, while the Nifty gained 255 points, closing at 22,337. This marked a nearly 2% rebound from Monday’s lows, with the midcap index making an even stronger comeback, soaring by over 5% and gaining more than 1,100 points. The advance-decline ratio for the day was firmly in favor of the advances, with a robust 7:1 ratio.
Midcap and smallcap stocks led the charge today, with the Nifty Midcap index climbing more than 5%, suggesting a broad-based market recovery. Stocks in the metal sector saw significant gains, with Nifty Metal closing 4% higher, boosted by positive cues from Chinese markets. Adani Group stocks were among the top gainers, with some stocks rising up to 10%, reflecting strong investor sentiment and buying interest in the conglomerate’s shares.
Among individual stocks, the metal and defense sectors witnessed considerable buying, with stocks like BEL and HAL rising more than 3% and 4%, respectively. Mahindra & Mahindra was also a top gainer on the Nifty, jumping over 4% on the back of a positive brokerage report. Meanwhile, private sector lenders such as Bajaj Finserv, IndusInd Bank, and HDFC Bank saw marginal declines, despite the overall strong market rally.
Stocks in the IT sector also posted significant gains, with Coforge jumping more than 8% after securing a major $1.56 billion order. This development is expected to drive future growth for the company and bolstered investor confidence.
Adani Group companies, particularly in the renewable energy and infrastructure segments, saw a surge in stock prices, with gains of up to 10% in some of their shares. The buying frenzy in Adani Group stocks today mirrored broader optimism in India’s energy and infrastructure sectors.
BSE-listed companies collectively added over ₹8 lakh crore in market capitalization, reflecting strong investor confidence in the domestic equity markets despite recent volatility. With 45 out of 50 Nifty stocks closing in the green, the overall market sentiment remains positive as the indices rebound sharply.
In conclusion, today’s trading session marked a significant reversal in the Indian equity market, with broad-based gains across sectors and a strong recovery from recent losses. The rally was driven by optimism in both large-cap and midcap stocks, along with a renewed interest in select sectors such as metals, defense, and IT.
With market breadth firmly in favour of advances, investors are hopeful that the rally could extend further, especially if global cues remain favorable in the coming sessions.
