Sensex surges 400 points, Nifty tops 25,800 amid strong gains in IT, PSU bank stocks

Indian stock markets opened higher on Wednesday, taking cues from firm trends across Asian peers.

The BSE Sensex rose 427 points (0.51%) to open around 84,299, while the Nifty50 gained 116 points (0.45%) to trade at 25,811 in early deals. Investors will keep an eye on the final phase of Q2FY26 earnings and the release of October CPI inflation data, which could provide insights into the Reserve Bank of India’s policy outlook.

In the broader markets, the Nifty MidCap index advanced 0.37%, while the Nifty SmallCap index edged 0.38% higher.

Global Market Update
Asian markets traded mostly higher on Wednesday, following overnight gains on Wall Street. Investor sentiment improved amid optimism over a possible resolution to the US government shutdown and sectoral rotation away from AI and tech stocks.

Japan’s Nikkei 225 slipped 0.26%, while the Topix gained 0.35%. South Korea’s Kospi was flat, but the Kosdaq advanced 0.62%. Australia’s S&P/ASX 200 inched up 0.13%, signaling a mildly positive tone across the Asia-Pacific region.

In the US, the Dow Jones Industrial Average climbed 1.18% to a record closing high, while the S&P 500 rose 0.21%. The Nasdaq Composite, however, edged down 0.25% as investors rotated out of tech stocks. [Change Content]