Market Performance
The Indian stock markets extended their rally into a seventh consecutive session on Wednesday, with the Sensex jumping 520 points and closing above the 80,000 mark—a level not seen since December 18.
- BSE Sensex climbed 520.90 points (0.65%) to close at 80,116.49
- During the session, it peaked at 80,254.55, up 658.96 points (0.82%)
- NSE Nifty surged by 161.70 points (0.67%) to settle at 24,328.95
The rally was powered by strong performances in IT and automobile sectors, along with supportive global cues and continued foreign fund inflows.
Main News
Among the top gainers, HCL Technologies led the charge with a 7.72% rise after posting an 8.1% jump in consolidated net profit, reaching ₹4,307 crore for Q4 FY25. The company also reported large deals with a total contract value of around ₹25,500 crore.
Other notable gainers included:
- Tech Mahindra
- Tata Motors
- Infosys
- Mahindra & Mahindra
- Tata Consultancy Services
- Tata Steel
- Bharti Airtel
- Maruti Suzuki
While the tech and auto sectors saw significant traction, the banking sector saw profit booking. HDFC Bank dropped 1.98%, making it the biggest loser of the day. Other laggards included:
- Kotak Mahindra Bank
- State Bank of India
- Axis Bank
- ITC
- UltraTech Cement
Company Details: HCL Tech Leads the Surge
HCL Technologies was the highlight of the session:
- Q4 Net Profit: ₹4,307 crore (up 8.1% YoY)
- Major Contracts: Total value of ₹25,500 crore
- Stock Surge: 7.72% in a single day
The robust results were driven by strong deal wins, reflecting continued demand for IT services.
Global Market Trends
Positive trends across global markets added to the bullish momentum in India:
- US Markets closed sharply higher:
- Nasdaq: +2.71%
- Dow Jones: +2.66%
- S&P 500: +2.51%
- Asian Markets showed strength, with indices like Nikkei 225 and Kospi ending in the green.
- European Markets were trading significantly higher.
- Brent Crude gained 1.35%, reaching USD 68.35 per barrel.
FII Activity
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Foreign Institutional Investors (FIIs) bought equities worth ₹1,290.43 crore on Tuesday, providing further support to the ongoing rally.
Summary
The Indian stock market continues to show strength, with the Sensex jumping 520 points and surpassing the crucial 80,000 mark for the first time in four months. Strong IT earnings, positive global cues, and foreign fund inflows were key drivers. However, selective profit booking in financials hints at a balanced investor sentiment ahead.
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