Sensex Jumps 600 Points; FM Says Cannot Speculate on Tariff Rates at BS Manthan

Equity markets in India traded with a positive bias on Wednesday aided by steady gains in IT and private banking stocks.

At 10:45 AM, the Sensex was up 600 points or 0.7 per cent at 82,830. The NSE Nifty 50 index surged 195 points or 0.8 per cent to 25,618. Among the Sensex 30 shares – Infosys, Tech Mahindra, TCS and HCL Technologies were up around 2 – 3 per cent each. InterGlobe Aviation (IndiGo), Power Grid Corporation, Larsen & Toubro, Tata Steel and ICICI Bank were the other major gainers.

The Nifty MidCap 100 gained 0.6 per cent, and SmallCap 100 advanced 0.8 per cent in Wednesday’s trade. India Vix dipped over 9 per cent to 12.87 levels. Sectorally, the Nifty IT index was the top gainer, up nearly 3 per cent followed by the Metal index up 2.5 per cent.

In the broader market, the solar-related stocks plunged up to 14% after the US imposed import tariffs on multiple countries. READ MORE

BS Manthan
The third edition of Business Standard Manthan, the annual thought leaders’ summit, concludes today at Bharat Mandapam in New Delhi.

If global supply chains are breaking, can India help rebuild them? And as AI reshapes the world, can India shape it in its own image? Speaking at Business Standard’s BS Manthan summit on Wednesday, former NITI Aayog CEO Amitabh Kant said this moment of disruption is not a setback but a strategic opening, provided India fixes its fundamentals.