The SENSEX Index Closes 0.81% Higher

India's BSE Sensex closed about 0.8% firmer at 76,704 on Wednesday, the highest in a week and marking the third successive session of gains, amid easing oil prices and bargain buying after the last week's sell-off. This was despite persistent geopolitical uncertainty stemming from the ongoing Middle East conflict, along with relentless foreign fund outflows. Most sectors recorded gains. Notably, IT stocks saw renewed demand after CLSA reiterated its positive view on the sector and downplayed near-term earnings risks from Anthropic and OpenAi's latest AI tool. Tech Mahindra rose 3.3%, Infosys 2.8%, HCLTech 2.8% and TCS 2.1%. Other top performers included Eternal (3.4%), Adani Ports (2.8%), Axis Bank (1.9%) and L&T (1.8%). Conversely, NTPC (-1.3%), Hindustan Unilever (-1%) and Sun Pharma (-0.9%) posted the biggest losses.

The SENSEX Index rose 615 points or 0.81 percent on Wednesday to close at 76685 points. Leading the gains are Tech Mahindra (3.05%), HCL Tech (2.73%) and Infosys (2.68%). Top losers were Hindustan Unilever (-1.10%), NTPC (-0.94%) and Sun Pharmaceuticals (-0.72%).

India’s BSE Sensex rose about 0.6% up at 76,514 on Wednesday, extending gains for a third consecutive day, supported by positive momentum in Asian markets as oil prices stabilized but remained above $100 per barrel. The recovery remained cautious, with markets still influenced by geopolitical tensions driving oil prices higher and by ongoing foreign capital outflows. Investors are also eyeing the US Federal Reserve’s interest rate decision later in the day, which is expected to keep rates at 3.75%, as concerns over oil-driven inflation continue to delay expectations of rate cuts this year. Most stock sectors opened in positive territory, led by gains in technology, while only non-energy minerals lagged. Among individual stocks, early gainers included Urban (+11.4%), Bajaj Finance (+0.9%), Tata Consultancy (+2.9%), Mahindra and Mahindra (+2.1%), and Eternal (+1.3%). The index has climbed about 2.6% so far this week, recouping some of the steep losses from its worst week in years.