Indian equity benchmarks witnessed a massive rebound in morning trade on Wednesday. The BSE Sensex and NSE Nifty 50 both surged over 1%, erasing the caution seen in the previous session. Investors cheered strong corporate earnings and a slight stabilization in global energy cues.
As of 10:39 AM IST, the Nifty 50 stood at 24,274.30, up by 275.95 points or 1.15%. The index opened at 24,096.90 and hit an intraday high of 24,296.30 against a low of 24,059.95.
The BSE Sensex surged to 77,782.95, marking a gain of 896.04 points or 1.17%. Market breadth remained firmly positive as bulls dominated the opening hour of trade.
The Nifty Auto index emerged as a top performer. Maruti Suzuki shares gained momentum after the company reported a record annual consolidated net profit of ₹14,679.5 crore for FY26. Total vehicle sales for the carmaker hit a milestone of 24.22 lakh units.
In the banking sector, Bandhan Bank shares jumped 8% following its latest quarterly performance. Mahindra & Mahindra and Tech Mahindra also featured among the top gainers. Energy heavyweight Reliance Industries provided significant support to the indices, trading with gains of over 1.3%.
Several stocks moved on the back of specific news triggers:
Market sentiment improved despite Foreign Institutional Investors (FIIs) offloading shares worth ₹2,103 crore on Tuesday. Domestic Institutional Investors (DIIs) countered this by purchasing equities worth ₹1,712 crore.
Globally, Asian markets traded mixed following a tech-led decline on the Nasdaq. However, the domestic focus remained on a heavy earnings calendar, with Vedanta, Adani Power, and Federal Bank slated to report their March-quarter results today.
