The BSE Sensex surged 1,214 points to close at 82,640 on Wednesday, driven by a massive buying spree from foreign institutional investors who net purchased equities worth Rs 8,412 crore in a single session. The Nifty 50 gained 362 points to end at 25,108, its highest close since January 2026.
The rally was broad-based with all sectoral indices ending in the green. Nifty IT led gains with a 3.2% surge after strong guidance from top Indian technology firms, while Nifty Bank rose 2.1% on expectations of improving net interest margins. The mid-cap and small-cap indices also recorded significant gains of over 2%.
Market analysts attributed the FII buying to a weakening US dollar, improving global risk appetite after the US Federal Reserve's dovish commentary, and India's strong macroeconomic fundamentals. Domestic institutional investors were net sellers of Rs 1,240 crore, likely booking profits at higher levels.
