The Indian market ended higher on Wednesday, with the Nifty notching a sixth consecutive gain, after U.S. President Donald Trump said his administration is continuing negotiations to address trade barriers with India, while optimism over potential goods-and-services tax cuts and hopes of a U.S. rate cut further supported sentiment.
The S&P BSE Sensex rose 323.83 points, or 0.4%, to 81,425.15, while the NSE Nifty 50 added 104.50 points, or 0.42%, to close at 24,973.10.
Here's how analysts read the market pulse:
Renewed optimism around ongoing trade negotiations between India and the U.S. lifted market sentiment, Vinod Nair, Head of Research at Geojit Investments, adding that the anticipation of stronger H2 FY26 earnings, driven by GST rationalization and the benefits of monetary easing, is providing resilience to valuations.
"The IT index extended its outperformance on hopes of a potential Fed rate cut next week and a revival in technology spending. Investors remain focused on the progress of India–US trade talks for signals of a constructive resolution to tariff-related issues," said Nair.
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US markets
The S&P 500 and the Nasdaq scaled fresh intraday record highs on Wednesday driven by a surge in cloud computing firm Oracle, while cooler-than-expected inflation data kept the U.S. Federal Reserve on track to cut borrowing costs this year.
Oracle soared 41% to an all-time high and was set for its biggest one-day percentage gain since 1992 after the tech company pointed to a demand surge from AI firms for its cloud services.
Its stock market value reached $969 billion - leapfrogging those of Eli Lilly JPMorgan Chase and Walmart - and is approaching Tesla's $1.14-trillion market value.
Chip stocks gained, with Nvidia rising 4.3%, Advanced Micro Devices up 3.8% and Broadcom adding 9.6%.
The gains boosted the S&P 500 technology sector 2.1%, while the broader semiconductor index rose 2.6% to touch a record high.
European markets
European shares reversed course to close lower on Wednesday as a boost from Spanish fast-fashion giant Inditex was offset by a pullback in technology stocks.
The pan-European STOXX 600 ended 0.05% lower at 552.12 points.
Inditex climbed 6.4% after the company said sales had picked up between August 1 and September 8 after months of poor demand. The gains helped lift Spain's benchmark index by 1.25% to a two-week high, while the STOXX 600's retail sub-index advanced 1.4%.
Additional support for the STOXX 600 came from the European aerospace and defence index, which rose 1.44% to a record high. Geopolitical uncertainties escalated after Poland shot down drones that entered its airspace during a widespread Russian attack in western Ukraine.
Tech View
The Nifty gained more than 100 points to close at 24,979, extending its recovery as the index held above the 21EMA, said Rupak De, Senior Technical Analyst at LKP Securities.
"RSI has given a bullish crossover above 50, supporting the positive momentum. Going ahead, sustaining above 24,820–24,750 may lead the index towards 25,160 and higher levels, while support remains at 24,820–24,750," said De.
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Most active stocks in terms of turnover
Waaree Energies (Rs 1,946 crore), HDFC Bank (Rs 1,748 crore), Kotak Mahindra Bank (Rs 1,684 crore), Oracle Financial Services Software (Rs 1,397 crore), BSE (Rs 1,195 crore), Infosys (Rs 1,113 crore) and RIL (Rs 1,075 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 82.78 crore), YES Bank (Traded shares: 13.18 crore), Welspun India (Traded shares: 6.70 crore), JP Power (Traded shares: 4.12 crore), Ola Electric Mobility (Traded shares: 4 crore), Motherson Sumi (Traded shares: 3.92 crore) and Sagility India (Traded shares: 3.75 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Oracle Financial Services Software, Welspun India, Vardhman Textiles, Elecon Engineering, International Gemmological Institute, Apar Industries and Waaree Energies were among the stocks that witnessed strong buying interest from market participants.
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52 Week high
Over 118 stocks hit their 52 week highs today while 53 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included Muthoot Finance, Bosch and Maruti Suzuki.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Eternal, NTPC, Titan Company, UltraTech Cement, IndusInd Bank, Tata Motors and Axis Bank.
Sentiment meter bullish
The market sentiments were bullish. Out of the 4,282 stocks that traded on the BSE on Wednesday, 1,717 stocks witnessed declines, 2,410 saw advances, while 155 stocks remained unchanged.
Also read | Explained: Nvidia Q2 results beat estimates. So why did the stock fall?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
The S&P BSE Sensex rose 323.83 points, or 0.4%, to 81,425.15, while the NSE Nifty 50 added 104.50 points, or 0.42%, to close at 24,973.10.
Here's how analysts read the market pulse:
Renewed optimism around ongoing trade negotiations between India and the U.S. lifted market sentiment, Vinod Nair, Head of Research at Geojit Investments, adding that the anticipation of stronger H2 FY26 earnings, driven by GST rationalization and the benefits of monetary easing, is providing resilience to valuations.
"The IT index extended its outperformance on hopes of a potential Fed rate cut next week and a revival in technology spending. Investors remain focused on the progress of India–US trade talks for signals of a constructive resolution to tariff-related issues," said Nair.
Also read | 5 Wall Street moguls who dismissed Bitcoin as a fad — Guess what they’re saying now!
US markets
The S&P 500 and the Nasdaq scaled fresh intraday record highs on Wednesday driven by a surge in cloud computing firm Oracle, while cooler-than-expected inflation data kept the U.S. Federal Reserve on track to cut borrowing costs this year.
Oracle soared 41% to an all-time high and was set for its biggest one-day percentage gain since 1992 after the tech company pointed to a demand surge from AI firms for its cloud services.
Its stock market value reached $969 billion - leapfrogging those of Eli Lilly JPMorgan Chase and Walmart - and is approaching Tesla's $1.14-trillion market value.
Chip stocks gained, with Nvidia rising 4.3%, Advanced Micro Devices up 3.8% and Broadcom adding 9.6%.
The gains boosted the S&P 500 technology sector 2.1%, while the broader semiconductor index rose 2.6% to touch a record high.
European markets
European shares reversed course to close lower on Wednesday as a boost from Spanish fast-fashion giant Inditex was offset by a pullback in technology stocks.
The pan-European STOXX 600 ended 0.05% lower at 552.12 points.
Inditex climbed 6.4% after the company said sales had picked up between August 1 and September 8 after months of poor demand. The gains helped lift Spain's benchmark index by 1.25% to a two-week high, while the STOXX 600's retail sub-index advanced 1.4%.
Additional support for the STOXX 600 came from the European aerospace and defence index, which rose 1.44% to a record high. Geopolitical uncertainties escalated after Poland shot down drones that entered its airspace during a widespread Russian attack in western Ukraine.
Tech View
The Nifty gained more than 100 points to close at 24,979, extending its recovery as the index held above the 21EMA, said Rupak De, Senior Technical Analyst at LKP Securities.
"RSI has given a bullish crossover above 50, supporting the positive momentum. Going ahead, sustaining above 24,820–24,750 may lead the index towards 25,160 and higher levels, while support remains at 24,820–24,750," said De.
Also read | Warren Buffett’s biggest investment isn’t Apple, BofA or Coca-Cola — it’s a stock hidden in plain sight
Most active stocks in terms of turnover
Waaree Energies (Rs 1,946 crore), HDFC Bank (Rs 1,748 crore), Kotak Mahindra Bank (Rs 1,684 crore), Oracle Financial Services Software (Rs 1,397 crore), BSE (Rs 1,195 crore), Infosys (Rs 1,113 crore) and RIL (Rs 1,075 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 82.78 crore), YES Bank (Traded shares: 13.18 crore), Welspun India (Traded shares: 6.70 crore), JP Power (Traded shares: 4.12 crore), Ola Electric Mobility (Traded shares: 4 crore), Motherson Sumi (Traded shares: 3.92 crore) and Sagility India (Traded shares: 3.75 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Oracle Financial Services Software, Welspun India, Vardhman Textiles, Elecon Engineering, International Gemmological Institute, Apar Industries and Waaree Energies were among the stocks that witnessed strong buying interest from market participants.
Also read | Explained: What is China's anti-involution shift and how it impacts Indian stocks
52 Week high
Over 118 stocks hit their 52 week highs today while 53 stocks slipped to their 52-week lows. Among the ones which hit their 52 week highs included Muthoot Finance, Bosch and Maruti Suzuki.
Stocks seeing selling pressure
Stocks which witnessed significant selling pressure were Eternal, NTPC, Titan Company, UltraTech Cement, IndusInd Bank, Tata Motors and Axis Bank.
Sentiment meter bullish
The market sentiments were bullish. Out of the 4,282 stocks that traded on the BSE on Wednesday, 1,717 stocks witnessed declines, 2,410 saw advances, while 155 stocks remained unchanged.
Also read | Explained: Nvidia Q2 results beat estimates. So why did the stock fall?
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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