The stocks of Adani Ports, Power Grid Corporation of India, Mahindra & Mahindra, Adani Enterprises, and NTPC were among the top gainers of Nifty 50 constituents. On the other hand, Bajaj Finance, HDFC Bank, Grasim Industries, and IndusInd Bank were among the laggards.
Despite Trump’s reciprocal tariffs and global trade tensions, the equity market rebounded sharply. The Sensex surged 927.80 points or 1.27 percent to 73,917.73, while the Nifty 50 climbed 305.15 points or 1.38 percent to 22,387.80 by 12.33 pm.
Stocks in the metal, auto, IT, media, oil & gas, and realty sectors saw gains, while banking stocks showed slight increases.
Adani Ports saw a 5.39 percent increase to ₹1,115, leading the gainers. This was followed by Power Grid with a 4.63 percent gain to ₹265.75. Mahindra & Mahindra stock surged 4.58 percent to ₹2,733, while Adani Enterprises rose 4.30 percent to ₹2,237.1. All Adani stocks advanced in Wednesday’s trade, with Adani Energy Solutions and Adani Green leading the rally with an 8 percent increase. NTPC shares were up 4.21 percent to ₹326.95.
Conversely, Bajaj Finance stock declined 2.45 percent to ₹8,375.45. HDFC Bank and Grasim Industries slipped 0.61 percent and 0.49 percent to ₹1,699.5 and ₹2,382.95, respectively. IndusInd shares slipped 0.35 percent to ₹984.15.
In addition, BSE shares traded 4 percent lower as NSE shifts F&O expiry. Out of the 2,823 stocks traded on the National Stock Exchange, 2,431 advanced and only 325 declined. Abbott India and Avanti Feeds were among the 14 stocks that hit a 52-week high.
Coforge, Adani Energy, and Cigniti Technologies led the rally in the Sensex pack with over 9 percent gains. Gensol Engineering continued to trade at its lower circuit, losing 10 percent.
Overall, the market showed resilience despite global uncertainties, with certain sectors and stocks outperforming others.
