Closing Bell: Sensex up 513 pts, Nifty rises 143 as IT shines and Bank Nifty hits record high

Indian equities staged a strong recovery on Wednesday, with both the Sensex and the Nifty ending firmly in the green after a muted start.

The rebound was largely driven by heavy buying in information technology stocks, which outperformed the broader market ahead of Nvidia’s quarterly results and rising global bets on the AI theme.

Indices End Higher

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The Nifty 50 closed at 26,050, up 142 points or 0.55 per cent, while the Sensex ended at 85,186, gaining 513 points or 0.61 per cent. The broader market saw mixed moves, with midcap and smallcap segments trading in a narrow range. While midcaps showed mild strength, smallcaps ended slightly weaker.

Nifty Bank Closes at a Record High

One of the standout performers of the session was Nifty Bank, which climbed 0.54 per cent to end at 59,216, marking its highest-ever closing level. Strong gains in leading financial names such as ICICI Bank, SBI, Kotak Mahindra Bank, and Axis Bank supported the index’s rally.

Financials overall maintained a steady performance, adding to the broader market’s positive tone.

IT Stocks Shine Bright

The biggest boost of the day came from the technology sector. Nifty IT surged nearly 3 per cent, emerging as the top-performing sector of the session.

Heavyweights such as HCL Tech (+4.32 per cent), Infosys (+3.84 per cent), and TCS (+2.02 per cent) powered the gains. Investor sentiment turned positive as global markets looked ahead to Nvidia’s earnings, which are expected to signal whether the global AI investment cycle still has momentum.

The strong IT rally helped offset mild weakness in sectors like energy, media, and realty.

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Broader Sector View

Across the broader market, most major sectors maintained a positive tone. Financials, healthcare, and consumer-oriented segments contributed steady support. Auto, FMCG, and capital goods stocks also recorded modest gains.

Some pressure persisted in oil & gas, realty, and media counters, but the declines remained limited and did not weigh heavily on the market’s overall direction.

Market breadth, however, showed a mixed picture, with more stocks declining than advancing, indicating selective profit-booking even as benchmark indices moved higher.

Top Sensex Gainers and Losers

Among the Sensex stocks, the biggest gainers included HCL Tech, Infosys, TCS, Hindustan Unilever, Sun Pharma, and Titan, all of which added strong upward momentum.

On the other hand, Maruti Suzuki, TMPV, Adani Ports, ITC, and NTPC were among the top losers, slipping slightly despite the broader market’s strength.