Mumbai — Indian equity markets ended higher for the second consecutive session on Wednesday, supported by easing crude oil prices and encouraging global signals. Investor sentiment improved after Donald Trump reiterated that talks are ongoing to resolve the conflict in the Middle East.
The benchmark indices posted strong gains, with the Nifty 50 rising 1.72 per cent, or 392.70 points, to close at 23,306.45. The BSE Sensex advanced 1.63 per cent, gaining 1,205 points to settle at 75,273.45.
Market experts noted that the 23,300–23,350 zone remains critical for the Nifty. Holding above this range could support short-term stability, while slipping below it may trigger fresh selling pressure. On the upside, 23,500–23,600 is seen as a strong resistance area, followed by 23,800, whereas 23,000 remains a key support level.
Among Sensex stocks, laggards included Tech Mahindra, Power Grid Corporation of India and Tata Consultancy Services. On the gaining side, Bajaj Finance, Titan Company, InterGlobe Aviation, Trent and Mahindra & Mahindra were among the top performers.
Broader markets outperformed the main indices, with the Nifty Midcap 100 gaining 2.30 per cent and the Nifty Smallcap 100 jumping 2.59 per cent.
Sectorally, consumer-focused stocks led the rally, with the Nifty Consumer Durables emerging as the top gainer. Real estate and public sector bank stocks also saw strong buying interest. However, the Nifty IT lagged behind and ended lower compared to other sectors.
Analysts said the rally was largely driven by hopes of easing geopolitical tensions and softer oil prices, which boosted investor confidence across sectors.
With inputs from IANS