The Indian stock market continued its upward trajectory on Wednesday, with the BSE Sensex extending its rising streak to seven consecutive days. The index closed 521 points higher at 80,256.84, marking a historic milestone as it closed above the 80,000 mark for the first time in 2025. The Nifty50 also set a new record, finishing above 24,300 at 24,311.20.
Market sentiment was buoyed by optimism over easing trade tensions between the U.S. and China, following U.S. President Donald Trump’s indication of a significant reduction in tariffs on Chinese imports after a new trade deal. The anticipated economic collaboration between India and the U.S. is also expected to boost various sectors, including technology and manufacturing, further enhancing investor confidence. The rise in the indices was broad-based, with significant contributions from the banking, IT, and consumer goods sectors.
Key heavyweights such as Reliance Industries, Infosys, and HDFC Bank saw substantial gains, propelling the indices higher. Top gainers included Tech Mahindra, which surged 5%, and Tata Motors, which rose 4%.
Sensex hits historic milestone
HCL Tech also made significant gains, jumping 6% following positive Q4 earnings. Cyient DLM soared 12% after posting a 36% jump in Q4 profit after tax (PAT), while Waaree Energies zoomed 9% with a 34% rise in Q4 PAT year-over-year (YoY). On a sectoral basis, IT emerged as the top gainer, ending 4.34% higher at 35,414.65, with HCL, Tech Mahindra, Infosys, and TCS being the top performers.
The Nifty Bank index also made a record high at open, crossing the 56,000-mark for the first time and reaching an all-time high of 56,097.10 in early trading. Several key companies reported their Q4 results, with Bajaj Housing Finance posting a 54% YoY increase in PAT, LTIMindtree reporting a 2% increase in PAT, and Tata Consumer Products seeing its PAT jump 59% YoY. Global markets provided additional support, with the S&P 500 futures and major indexes across Asia and Europe seeing significant gains.
Japan’s Topix, Australia’s S&P/ASX 200, Hong Kong’s Hang Seng, and the Shanghai Composite all reported increases. Analysts suggest that the market might continue to exhibit strength in the coming months, as economic indicators and corporate earnings show signs of improvement. However, they caution investors to stay vigilant about global economic developments and policy changes that could influence market dynamics.
Image Credits: Photo by Denise Chan on Unsplash
