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Indian Stock Market Rises as Sensex and Nifty Recover from Recent Losses

IT, telecom, and energy stocks lead gains while global trade tensions and tariff concerns persist.

Nifty ended above 22,300 and Sensex closed at 73,730 on Wednesday.
At 9:20 am, the benchmark BSE Sensex rose by 182.24 points or 0.25 per cent, reaching 73,172.17. The broader NSE Nifty opened 49.80 points up or 0.23 per cent in the green, reaching 22,132.45.

Overview

  • The BSE Sensex climbed 506.29 points (0.69%) to 73,496.22, and NSE Nifty rose 176.10 points (0.80%) to 22,258.75 in early Wednesday trade.
  • IT, telecom, oil, and gas sectors saw notable gains, with Power Grid Corporation, Mahindra & Mahindra, and HCL Technologies among the top performers.
  • Global oil prices dropped slightly, contributing to gains in the Nifty Oil & Gas index, which increased by 1.16%.
  • The market's recovery comes after 10 consecutive days of losses, attributed to escalating trade tensions and new U.S. tariffs on China, Canada, and Mexico.
  • Foreign Institutional Investors (FIIs) remained net sellers, offloading ₹3,405.82 crore, while Domestic Institutional Investors (DIIs) were net buyers, purchasing equities worth ₹4,851.43 crore.