Mumbai: Indian equity markets opened higher on Wednesday, supported by strong global cues and positive progress in US-India trade talks. Investor sentiment improved after US President Donald Trump signaled better ties with India, while Prime Minister Narendra Modi responded positively, boosting market confidence.
At the opening bell, the Sensex gained 334 points, or 0.41%, to trade at 81,435, while the Nifty rose 106 points, or 0.43%, to 24,975. Broader markets also performed well, with Nifty Midcap 100 advancing 0.73% and Nifty Smallcap 100 up 0.71%.
Among key performers, Larsen & Toubro, Kotak Mahindra, Dr Reddy’s Labs, and TCS led the gains, while Hero Motocorp, Maruti Suzuki, Tata Steel, and Hindalco slipped. Sector-wise, Nifty IT surged 1.88% to become the top gainer, followed by PSU Bank and Realty. Only Auto and Consumer Durables traded in the red.
Global markets also strengthened. Overnight, the Dow Jones added 0.43%, Nasdaq rose 0.37%, and S&P 500 gained 0.27% on expectations of Federal Reserve rate cuts. Asian indices followed suit, with Japan’s Nikkei up 0.6% and Hong Kong’s Hang Seng rising 0.98%. Meanwhile, FIIs turned net buyers after 11 days, purchasing equities worth ₹2,050 crore, while DIIs added ₹83 crore.
