Foreign Investors' Return Uplifts Market Sentiment, Sensex Ends Over 300 Points Higher, Nifty Above 23,400

On the 30-share Sensex, IndusInd Bank, Axis Bank, Adani Ports, Asian Paints, and Bharti Airtel emerged among the gainers. Meanwhile, the laggards included Maruti, Infosys, Tata Motors, L&T, and NTPC.

Foreign Institutional Investors (FIIs) returned to Indian equities and infused Rs 6,065.78 crore in the market on Tuesday, exchange data revealed.

Source : ABPLIVE AI

The Indian stock markets reversed the sentiment entirely and closed the trading session on Wednesday in green. The BSE Sensex climbed over 300 points to settle just under 77,050, while the NSE Nifty50 jumped more than 100 points to end trading at 23,437.

This recovery in sentiment was driven by buying in blue-chip banking stocks and foreign funds returning to the market after retail inflation slipped to almost six-year lows in March. This added to hopes of more rate cuts going ahead.

On the 30-share Sensex, IndusInd Bank, Axis Bank, Adani Ports, Asian Paints, and Bharti Airtel emerged among the gainers. Meanwhile, the laggards included Maruti, Infosys, Tata Motors, L&T, and NTPC.

In the broader markets, the Nifty Bank index dominated in green and climbed 1.41 per cent by the session's end. Sectorally, the PSU Bank index settled 2.37 per cent higher, followed by the Media index which closed 1.88 per cent higher.

Foreign Institutional Investors (FIIs) also returned to Indian equities and infused Rs 6,065.78 crore in the market on Tuesday, exchange data revealed.

Vinod Nair, Head of Research, Geojit Investments Limited, noted, “Globally, markets are undergoing fresh consolidation as tariff tensions intensify... Amidst global weakness, the Indian market exhibited a mild positive sentiment in anticipation that the trade fight between the US & China will not harm but benefit India, and March's CPI inflation which is at a nearly 6-year low is indicative of further rate cuts in the near future.”

The expert pointed out that the current earnings season also began on a muted note. “Overall expectations remain subdued, suggesting potential profit booking at higher levels,” he added.

Global Markets And Oil Prices

Globally, European markets quoted lower, while the US markets closed trading on Tuesday in red. In Asia, South Korea, Japan, and Hong Kong’s indices settled in the negative territory. Meanwhile, the Shanghai SSE Composite Index ended the day in green. The global oil benchmark, Brent crude, jumped 0.91 per cent to touch $65.22 per barrel.