Equity markets experienced a notable rebound on Wednesday, with the Sensex climbing over 420 points and the Nifty 50 surpassing the 26,000 mark. Investor sentiment was buoyed by favorable global cues, fueled by expectations of an upcoming rate cut by the US Federal Reserve, a potential trade agreement with the US, new foreign inflows, and widespread buying interest.
As of 1:25 PM, the benchmark indices were trading near their day’s high. The Sensex was up by 411.44 points, or 0.49%, reaching 85,039.60, while the Nifty 50 surged by 140.65 points, or 0.54%, to 26,076.85, approaching the 26,100 mark. In September 2024, the Nifty had previously exceeded the 26,200 level.
The overall market breadth was robust, indicating broad-based buying across sectors. Out of 3,103 stocks listed on the National Stock Exchange at that time, 1,905 advanced, 1,089 declined, and 109 remained unchanged.
Both midcap and smallcap indices recorded modest gains. The majority of indices traded positively, with the oil and gas and metal sectors leading with increases of over 2%. Conversely, financial services and auto stocks faced declines.
The asset-management sector encountered challenges as major fund houses’ stocks were pressured due to regulatory concerns regarding proposed changes to fee structures by the Securities and Exchange Board of India (SEBI) pertaining to expense ratios and brokerage limits.
Top Gainers & Losers Intraday
Among the gainers in the Nifty 50 pack were NTPC, Adani Ports, Power Grid, JSW Steel, and Adani Enterprises. Meanwhile, stocks such as Eternal, Bharat Electronics, L&T, Mahindra & Mahindra (M&M), and the Bajaj twins—Bajaj Finance and Bajaj Finserv—experienced the largest declines.
A total of 79 stocks, including Indian Oil Corporation (IOC), Laurus Labs, GM Breweries, M&M Financial, Jindal Steel, JSW Steel, City Union Bank (CUB), and Bharti Airtel, reached their 52-week highs, while 39 stocks hit 52-week lows, underscoring bullish momentum across several counters. Additionally, 70 stocks were locked at their upper circuit limits, compared to only 16 at lower circuit limits, highlighting a strong buying presence in today’s trading session.
Major equities by volume included Vodafone Idea, Suzlon, Steel Authority of India Limited (SAIL), Reliance Power, and Adani Power.
Midcap & Smallcap Movers
Within the midcap segment, SAIL, M&M Financial Services, Adani Total Gas, Housing and Urban Development Corporation (HUDCO), and Suzlon Energy led gains with increases between 3% and 6%. Conversely, stocks like Motilal Oswal OFS, HDFC Asset Management Company (AMC), 360 One WAM, Aditya Birla Capital, and Voltas recorded the largest declines, with Motilal OFS falling nearly 8%.
In the smallcap category, Reliance Power, Aditya Birla Real Estate, Mangalore Refineries and Petrochemicals Limited (MRPL), and NBCC saw gains of 4% to 7%, while CreditAccess, KFin Technologies, Anand Rathi, CAMS, and Star Health decreased by 3% to 6%.
Blue Dart Express, Adani Green Energy, and Varun Beverages topped the gainers list on the Bombay Stock Exchange (BSE), surging by 10% to 14% following their September quarter results. Meanwhile, Cartrade Tech shares experienced profit-taking following gains made the previous day. L&T, Coal India, Brigade Enterprises, Radico Khaitan, CG Power, Hindustan Petroleum Corporation Limited (HPCL), United Breweries, PB Fintech, NTPC Green, and BHEL are expected to be in focus today due to their Q2 results.
Published on October 29, 2025
