Dalal Street opened higher for the second straight session on Wednesday, supported by easing geopolitical concerns and reports of Donald Trump’s 15-point proposal to Iran via Pakistan.
- Indices: Sensex rose 600 points (0.80%) to 74,652 at open, later hitting 74,840 (+771 points, 1.04%) by 9:18 a.m. Nifty opened 150 points higher (0.66%) at 23,064, climbing to 23,173 (+260 points, 1%).
- Sectors: Gains led by auto (+1.47%), realty (+1.39%), media (+1.30%), and metal (+1.23%). PSU banks and financial services rose over 1%, while IT remained weak.
- Broader markets: Nifty Midcap 100 and Smallcap 100 advanced ~1% each.
- Analysts’ view: Upside depends on a breakout above resistance; caution remains with a “sell-on-rise” trend. Fresh long positions advised only if Nifty sustains above 24,500.
- Global cues: Brent crude fell 7% to $97.18, WTI dropped 6% to $86.72 amid ceasefire hopes. Wall Street closed lower (S&P 500 -0.84%, Nasdaq -0.37%), while Asian markets rallied (Nikkei +3.26%, KOSPI +3.36%, Hang Seng +1.30%).