Sensex climbs 575 points as Nifty tops 25,300; Bajaj Finance rallies 4%

Benchmark Indian indices closed higher on Wednesday, with strong gains in financials, PSU banks, and realty stocks driving the rally.

The S&P BSE Sensex jumped 575.45 points to end at 82,605.43, while the NSE Nifty50 rose 178.05 points to close at 25,323.55, marking a recovery after two days of selling. Vinod Nair, Head of Research at Geojit Investments, said market sentiment was boosted by dovish remarks from the US Federal Reserve chair on interest rates and signals of an end to quantitative tightening, which lifted global markets.

“The US 10-year yield declined and the rupee strengthened, reflecting a shift in foreign institutional investor interest toward emerging markets like India. Realty stocks outperformed due to easing interest rate expectations and attractive valuations, while IT and metals gained on positive global cues,” Nair added.

Among individual stocks, Bajaj Finance led the gains with a 4.03% jump, followed by Bajaj Finserv (+3.10%), Asian Paints (+2.48%), Larsen & Toubro (+2.23%), and Trent (+2.19%). On the downside, Tata Motors slipped 1.20%, Infosys fell 1.07%, Tech Mahindra dropped 0.62%, Axis Bank declined 0.31%, and Kotak Mahindra Bank eased 0.24%.

Sectorally, Nifty Realty surged 3.04%, Nifty PSU Bank climbed 1.67%, Nifty Financial Services rose 1.27%, Nifty Metal gained 1.00%, and Nifty FMCG was up 0.99%. Nifty IT added 0.53%, Nifty Consumer Durables rose 0.84%, and Nifty Oil & Gas increased 0.73%. Nifty Media was the only sector in the red, down 0.52%.

The Nifty Midcap100 and Smallcap100 indices also posted strong gains, rising 1.11% and 0.82% respectively, while the India VIX, the volatility gauge, fell 5.60%, reflecting easing market uncertainty.