The Indian stock market closed on a positive note on Wednesday, September 10, with benchmarks gaining on optimism that an India-US trade deal could soon be finalised. Buying in banking and IT heavyweights, coupled with firm global cues, supported the uptrend.
The Sensex rose 324 points, or 0.40%, to settle at 81,425.15, while the Nifty 50 gained 105 points, or 0.42%, to end at 24,973.10. Mid and smallcap shares outperformed, with the BSE Midcap index climbing 0.84% and the Smallcap index up 0.72%.
Investor wealth increased by more than ₹2 lakh crore, as the overall market capitalisation of BSE-listed firms rose to over ₹456 lakh crore from ₹453.8 lakh crore in the previous session.
Market sentiment strengthened after US President Donald Trump said on Tuesday that negotiations with India were progressing to resolve trade barriers. Tariffs have been a key concern for investors, and hopes of a breakthrough provided a fresh trigger.
Vinod Nair of Geojit Investments, said optimism around the talks lifted sentiment. “Anticipation of stronger H2FY26 earnings, driven by GST rationalisation and the benefits of monetary easing, is providing resilience to valuations,” he noted.
Barring auto, media and consumer durables, all sectoral indices ended higher. Nifty IT led the rally with a 2.63% gain, followed by PSU Bank (up 2.09%) and Realty (up 1.13%). Nifty Bank and Financial Services indices added around 0.60% each.
Among Nifty 50 stocks, Bharat Electronics (up 4.58%), Wipro (up 2.63%) and HCL Technologies (up 2.60%) were the top gainers. Mahindra & Mahindra (down 2.36%), Bajaj Auto (down 1.60%) and Maruti Suzuki India (down 1.50%) were the major laggards.
On the broader market, Vodafone Idea (82.8 crore shares), YES Bank (13.2 crore shares) and Salasar Techno Engineering (6.8 crore shares) were the most actively traded on the NSE.
On the BSE, 12 stocks including Coastal Corporation, Smruthi Organics, Prithvi Exchange, Indo Count Industries and Faze Three jumped more than 15%. Out of 4,282 stocks traded, 2,409 advanced, 1,717 declined, while 156 remained unchanged.
As many as 118 stocks hit 52-week highs during the day, including Maruti Suzuki India, JSW Steel, Eicher Motors and Cummins India.
{By arrangement with livemint.com}
