The stock market showed a strong rally on Wednesday, with the BSE Sensex rising by 740.30 points or 1.01 percent to close at 73,730.23. The NSE Nifty 50 also saw an uptick, gaining 254.65 points or 1.15 percent to finish at 22,337.30, driven by the performance of metal, PSU bank, and infrastructure stocks.
Top Gainers
Adani Ports emerged as the top performer, surging by 5.02 percent to ₹1,112.55, supported by robust operational updates. Tata Steel closely followed, recording a gain of 4.92 percent to ₹146.15, buoyed by the increase in global steel prices.
Power Grid and Mahindra & Mahindra (M&M) both witnessed a growth of 4.27 percent, closing at ₹264.90 and ₹2,725.70, respectively, amidst positive sentiment in the auto and power sectors. NTPC rounded off the top five gainers with a 4.06 percent increase, settling at ₹326.60.
Top Losers
On the other hand, Bajaj Finance experienced a decline of 3.25 percent to ₹8,309.00 due to profit-booking after recent gains. IndusInd Bank also saw a decrease of 1.64 percent, closing at ₹971.70.
HDFC Bank slipped by 1.25 percent to ₹1,689.75, while Zomato lost 0.31 percent to ₹226.80. Maruti Suzuki ended nearly flat, edging down by 0.02 percent to ₹11,614.90.
The market’s notable rebound was fueled by widespread buying, particularly in PSU banks, metals, and infrastructure stocks, amid alleviating global trade concerns and renewed DII inflows.
