The domestic equity benchmarks traded with major gains in the afternoon trade, tracking a global rally as tensions in West Asia eased after a fragile Israel-Iran ceasefire. The Nifty traded near 25,250 mark.
IT, media and consumer durables shares advanced while realty and private bank shares declined.
At 13:26 ST, the barometer index, the S&P BSE Sensex jumped 721.32 points or 0.88% to 82,776.43. The Nifty 50 index rallied 207.25 points or 0.82% to 25,250.05.
In the broader market, the S&P BSE Mid-Cap index rose 0.44% and the S&P BSE Small-Cap index added 1.32%.
The market breadth was strong. On the BSE, 2,716 shares rose and 1,167 shares fell. A total of 170 shares were unchanged.
Gainers & Losers:
Titan Company (up 3.64%), Infosys(up 2.28%), Tech Mahindra (up 1.88%), Tata Consumer Products (up 1.83%) and Eternal (up 1.58%) were the major Nifty50 gainers.
Bharat Electronics (down 2.08%), Kotak Mahindra Bank (down 0.66%), Axis Bank(down 0.59%), Eicher Motors (down 0.58%) and Oil & Natural Gas Corporation (ONGC) (down 0.10%) were the major Nifty50 Losers.
Stocks in Spotlgiht:
Aurobindo Pharma advanced 1.18% after the company said that wholly owned step-down subsidiary CuraTeQ Biologics s.r.o. has obtained marketing authorization from the UK’s Medicines and Healthcare products Regulatory Agency (MHRA) for Dyrupeg.
Hindalco Industries rose 0.80%. The company said that its step-down wholly owned subsidiary, Aditya Holdings LLC has signed definitive agreement with AluChem Companies to acquire 100% stake for total consideration of $125 million.
RITES rose 0.89%. The company announced that it has received a letter of intent (LoI) from Gujarat Urban Development Company (GUDC) for a project valued at Rs 28.5 crore.
Rashtriya Chemicals & Fertilizers (RCF) jumped 1.21% after the company’s board approved a proposal to raise Rs 300 crore through debt securities on a private placement basis.
Surya Roshni rose 3.76% after the company announced a fresh order win worth Rs 75.40 crore from Gujarat Gas. The company said it has received the order for the supply of 3LPE-coated ERW steel pipes under API 5L Grade X52 specifications. The order will be executed across multiple GGL locations within a 34-week period.
Dee Development Engineers rallied 4.99% after the company announced that it has bagged a purchase order worth $10 million from a customer for providing piping fabrication work.
Global Markets:
Most European shares traded higher on Wednesday as investors will be keeping a close eye on French consumer confidence and Spanish gross domestic product figures, as well as developments in the Middle East, where a fragile ceasefire between Israel and Iran remains in focus.
Meanwhile, the NATO summit in the Netherlands concludes Wednesday, with the alliance’s 32 member states expected to issue a formal joint statement on hiking their defense spending target from 2% to 5% by 2035.
Most Asian shares traded higher as investors digested news of a potential ceasefire between Israel and Iran alongside fresh signals from the U.S. Federal Reserve. Optimism is building around a U.S.-brokered truce, with President Donald Trump reportedly playing a key role in facilitating the agreement.
On Wall Street, sentiment was upbeat overnight. All three major indices ended higher, buoyed by easing geopolitical tensions and dovish hints from the Fed. The Dow Jones Industrial Average rose 1.19%, the S&P 500 added 1.11%, and the tech-heavy Nasdaq climbed 1.43%.
Fed Chair Jerome Powell, speaking Tuesday, struck a cautious but calm tone. He reaffirmed the central bank’s focus on curbing inflation but noted that policymakers were in no rush to tweak rates. Powell said the Fed was “well positioned to wait to learn more about the likely course of the economy” before making any moves, especially as the impact of tariffs on pricing remains uncertain.