Sensex, Nifty close higher as IT and realty stocks lead gains
MUMBAI, India — Indian equity markets ended higher on Wednesday, with benchmark indices closing near session highs as gains in information technology and realty stocks lifted investor sentiment ahead of the U.S. Federal Reserve’s policy decision.
The NSE Nifty 50 rose 196.65 points, or 0.83 percent, to close at 23,777.80, while the BSE Sensex advanced 633.29 points, also 0.83 percent, to settle at 76,704.13.
Market participants said buying interest in technology and real estate shares drove the rally, even as investors remained cautious ahead of key global cues.
Broader markets outperformed the benchmarks, signaling wider participation. The Nifty MidCap index climbed 1.94 percent, while the Nifty SmallCap index gained 1.70 percent.
Among sectoral indices, the Nifty IT index led the gains, supported by strong buying in technology stocks. The Nifty Media and Nifty Realty indices also posted solid advances. In contrast, the Nifty Metal and Nifty FMCG indices ended lower, reflecting selective profit-taking.
Individual stocks such as Eternal and Tech Mahindra were among the top performers in the Nifty pack during the session.
Analysts said the market’s near-term trajectory will depend on key technical levels and global developments.
Immediate support for the Nifty is seen around 23,650, with a stronger base near 23,350. Holding above these levels will be important to sustain the current recovery momentum, analysts said.
On the upside, 23,850 is viewed as a key resistance level. A decisive breakout above that mark could push the index toward the 24,000–24,300 range, an area previously acting as support and now seen as resistance.
Investors are closely watching the outcome of the U.S. Federal Reserve’s policy meeting, expected later in the day. While the central bank is widely anticipated to keep interest rates unchanged, markets are focused on its commentary for signals on future policy direction, particularly in light of ongoing geopolitical tensions involving Iran.
Analysts said sentiment remains cautiously optimistic, with global developments continuing to play a significant role in shaping investor confidence. (Source: IANS)
