Domestically, strong buying interest in sectors such as power, metal, and telecom has contributed to the uptick, with the realty index leading the gains.
| Photo Credit:
Getty Images
Arresting a three-day slide, equity markets witnessed a notable recovery on Wednesday, propelled by a combination of favourable global cues and domestic factors such as a strong rupee, amid expectation of rate cut by the US Federal Reserve.
Asian markets were trading higher, providing a positive backdrop for Indian equities. Investor sentiment remains cautiously optimistic, bolstered by expectations of potential interest rate cuts by the US Federal Reserve. Domestically, strong buying interest in sectors such as power, metal, and telecom has contributed to the uptick, with the realty index leading the gains.
Ajit Mishra – SVP, Research, Religare Broking Ltd, said, “The up move was driven by some easing in the US-China trade tussle and a rebound in the rupee from recent lows. Additionally, a stable start to the earnings season and rating agencies reaffirming their positive outlook on India helped counter lingering worries around global growth and trade tensions.”
Mid & smallcap indices surge
The BSE Sensex closed 575.45 points, or 0.70 per cent higher at 82,605.43, after it rose to a high of 82,727.02 in intraday. The Nifty 50 gained 178.05 points, or 0.71 per cent, to 25,323.55. The midcap and the smallcap indices outperformed with gains of 1 per cent and 0.82 per cent, respectively.
“Buying was broad-based, marking a complete reversal of the previous day’s selling concentration. Except for Nifty Media, all sectoral indices closed in the green. Leadership was prominent in sectors like realty, PSU banks and metal, which ended with the highest gains,” said Nandish Shah – Deputy Vice-President, HDFC Securities.
Shares of Bajaj Finance, Nestle India, Bajaj Finserv, Asian Paints, L&T and Jio Financial led the gainers of Nifty 50 pack, with 2-5 per cent uptick. Meanwhile, Infosys emerged as the top loser, followed by Tata Motors, Axis Bank, Tech Mahindra, Titan and Dr Reddy’s Lab, with 0.16-1.04 per cent.
Market breadth was positive, with 2,393 shares advancing, 1,587 declining, and 152 remaining unchanged on the BSE.
Nearly 60 stocks, including Bank of Maharashtra, RBL Bank, Cholamandalam Investment and Inox Green, hit their 52-week highs, highlighting investor optimism, whereas 75 stocks (including Bansal Wire) hit their 52-week lows.
As many as 69 stocks, featuring NIBA and Genesys International, scaled to their upper circuit, while 49 hit the lower circuit, signalling both aggressive buying and selective profit-booking across sectors.
Under the midcap segment, Persistent Systems was the major gainer following strong Q2 show. Prestige Estates, Vodafone Idea, Godfrey Phillips and Godrej Properties followed with 2-5 per cent increase.
On the other hand, Policy Bazaar, OFSS, Bharti Hexacom, IndusInd Bank, MRF and Aurobindo Pharma dropped 1-2 per cent.
Smallcap stocks Newgen, Ola Electric, IIFL, CGCL, CESC and Poonawalla surged 4-5 per cent, while BLS International, Data Patterns, Shyam Metalics and Delhivery declined 2-4 per cent.
On the BSE, shares of Bank of Maharashtra, ICICI Lombard and Persistent Systems led the gainers’ chart with 7-9 per cent rally following Q2 results. Cyient DLM declined nearly 5 per cent.
Additionally, shares of LG Electronics India extended its gaining streak on the second day of listing.
Published on October 15, 2025
