Stock Market: Break to Consecutive Losses… Sensex Gains Heavily

After two straight sessions of heavy losses, Indian benchmark indices recovered sharply on Wednesday. Heavy buying by foreign investors on Tuesday boosted market sentiment. Buying in heavyweight stocks also supported the strong upward movement. Additionally, falling crude oil prices helped the indices climb further. As a result, both Sensex and Nifty ended the day with strong gains.

Compared to the previous close of 84,587, the Sensex opened flat but soon moved into positive territory. Gains accelerated in the afternoon, and strong buying towards the end pushed the index sharply higher. Finally, the Sensex closed 1,022 points higher at 85,609.
Nifty followed the same trend and ended 320 points higher at 26,205.

Stocks such as PG Electroplast, Navuma Wealth, Siemens, MCX India, and PNB Housing gained significantly.

Meanwhile, Nykaa, Bharti Airtel, PI Industries, LIC India, and Adani Enterprises ended in the red.

The Nifty Midcap Index gained 763 points, while Bank Nifty rose 707 points.
The Indian rupee stood at ₹89.27 against the US dollar.