Sensex Surges 500 Points, Nifty Climbs Past 26,000; HCLTech Rallies 4%

Sensex jumps 513 points, Nifty tops 26,000 on IT rally amid US-India trade optimism.

Benchmark indices ended higher on Wednesday, driven by a sharp rally in IT stocks as optimism over a potential US-India trade deal lifted investor sentiment. The S&P BSE Sensex surged 513.45 points to 85,186.47, while the NSE Nifty50 added 142.60 points to close at 26,052.65.

“Large caps led the gains, outperforming the broader market. The IT sector rallied on revived hopes of a Fed rate cut, supported by soft U.S. labour data and currency tailwinds, while PSU banks gained on merger news and improving fundamentals. Attention now shifts to tomorrow’s FOMC minutes for further policy signals,” said Vinod Nair, Head of Research at Geojit Investments Ltd.

Top gainers included HCL Technologies (up 4.32%), Infosys (3.74%), and TCS (1.99%). Hindustan Unilever and Sun Pharma also rose 1.54% and 1.39%, respectively.

On the downside, Tata Motors PV fell 2.79%, Maruti Suzuki dropped 1.28%, while Adani Ports, Bajaj Finance, and Asian Paints also closed lower.

Ajit Mishra, SVP of Research at Religare Broking, said, “We remain positive amid ongoing consolidation. Nifty could attempt fresh highs if it breaks decisively above 26,100. Investors should stay selective, focusing on strong large-cap and mid-cap sectors.”