Indian benchmark indices closed on a buoyant note this Wednesday, supported by broad-based buying across heavyweights and constructive global cues. The BSE Sensex rallied 383.55 points or 0.50% to settle at 77,301.40, while the NSE Nifty 50 gained 149.75 points or 0.63% to close at 23,960.60, inching closer to the psychological 24,000 threshold.
Sectoral momentum was heavily tilted in favor of the bulls, with Nifty Auto, Nifty Bank, and Nifty Metal driving the charge. Heavyweights such as Tata Motors, ICICI Bank, and Larsen & Toubro featured among the top index gainers, while selective profit-taking was visible in IT and defensive FMCG counters.
Macroeconomic triggers provided a supportive backdrop as international crude oil prices softened, easing domestic inflation concerns. The Indian Rupee traded in a narrow band against the US Dollar, while consistent domestic institutional investor (DII) support helped cushion selective foreign portfolio investor (FPI) outflows. Traders now eye key US economic data and corporate earnings commentary for further directional impetus.