29 July,2026 05:33 PM IST | Mumbai | mid-day online correspondent
Representational Image. File pic.
Domestic benchmark equity indices rebounded to rally on Wednesday led by IT and FMCG stock, as stronger rupee and foreign inflows boosted investor sentiment.
"Almost all the major sectoral indices traded in the positive territory, but the IT and Metal indices outperformed, rallying over 2 percent," Shrikant Chouhan, Head of Equity Research, Kotak Securities said.
The 30-share BSE Sensex soared 888.68 points, or 1.16 per cent, to settle at 77,654.60. During the intra-day trading, it had climbed 999.57 points, or 1.30 per cent, to 77,765.49. The 50-share NSE Nifty surged 264.85 points, or 1.10 per cent, to end at 24,250.20.
On Tuesday, following a muted session, the Sensex lost 69.86 points, or 0.09 per cent, to settle at 76,765.92, while the Nifty shed 10.60 points, or 0.04 per cent, to end at 23,985.35.
From the Sensex pack, Hindustan Unilever (4.70 per cent) and Infosys (4.50 per cent), Larsen & Toubro (2.55 per cent) were the major gainers along with Trent, Tata Steel, Bharti Airtel, Tata Consultancy Services, HCL Tech. HDFC Bank stocks which were on a declining spree, managed to break the streak and gained 1.74 per cent.
Adani Ports shares tanked 3.19 per cent, while Mahindra & Mahindra were trading 1.51 per cent lower. Power Grid, Bharat Electronics and NTPC were also among the laggards.
"Going ahead, the US Federal Reserve's policy decision will remain the key market trigger, as its outcome and commentary are likely to determine the next directional move for global as well as domestic equities," Bajaj Broking Research said.
According to news agency PTI, Foreign Institutional Investors (FIIs) bought equities worth Rs 755.33 crore on Tuesday. Brent crude, the global oil benchmark, jumped 3.79 per cent to USD 87.28 per barrel, while in Asian markets, South Korea's KOSPI shed 5.98 per cent. Japan's Nikkei 225 also ended lower, while Hong Kong's Hang Seng index settled higher, the agency said.
"Indian equities are expected to remain range-bound with a positive bias, supported by positive global cues and healthy domestic corporate earnings. Sentiment improved as investor flows returned to the Indian IT sector following the sharp correction in global AI and semiconductor stocks. Markets also looked past recent geopolitical tensions and crude oil volatility, with focus shifting back to domestic earnings and macroeconomic triggers," Siddhartha Khemka Head of Research, Wealth Management, Motilal Oswal Financial Services said.
(With PTI inputs)
