Sensex closes 123 points higher, Nifty above 25,100; HCLTech gains 3%
Benchmark stock market indices closed higher on Wednesday, returning to positive momentum, fuelled by a rally in IT and energy sector stocks.The S&P BSE Sensex added 123.42 points to end at 82,515.14, while the NSE Nifty gained 37.15 points to close at 25,141.40.Vinod Nair, Head of Research, Geojit Investments Limited, said that profit booking continues in the broader markets, driven by elevated domestic valuations. However, large-cap resilience is supporting the indices, with institutional investors favouring companies with stable earnings outlooks.advertisement
"The Auto and IT sectors remain in focus. Auto stocks are gaining on improved monthly sales, while IT are benefiting from optimism around a potential US-China trade resolution," he added.The top gainers on the Sensex were led by HCL Technologies, which surged 3.22%, followed by Infosys with a gain of 2.16%. Tech Mahindra climbed 1.74%, while Reliance Industries rose 0.71% and Bajaj Finserv added 0.70% to close higher.On the losing side, Power Grid Corporation was the worst performer, declining 1.89%, followed by Adani Ports which fell 1.24%. IndusInd Bank dropped 1.21%, Nestle India lost 0.93%, and HDFC Bank declined 0.83% during the trading session.The broader market indices declined today. Nifty Midcap 100 fell 0.49%, while Nifty Smallcap dropped 0.53%. India VIX, the volatility index, declined by 2.47%.Among the sectoral indices, several posted gains during the session. Nifty Oil & Gas led the gainers with a rise of 1.47%, followed by Nifty IT at 1.26%, Nifty Pharma at 0.50%, Nifty Healthcare at 0.25%, Nifty Auto at 0.19%, and Nifty Realty at 0.09%.advertisementSeveral indices closed in negative territory. Nifty FMCG declined by 0.67%, Nifty Financial Services fell 0.28%, Nifty Private Bank dropped 0.26%, Nifty Metal lost 0.15%, Nifty Media declined 0.07%, and Nifty Consumer Durables closed marginally lower by 0.04%."Following the recent rally, the market lacks clear direction as investors await key macroeconomic data and updates on trade negotiations. US inflation data, due later today, is expected to show a slight uptick, driven by recent tariff increases," said Nair.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
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