Stock Market Updates: Sensex Jumps Over 250 Points, Nifty Above 26,000; Metal Stocks Rally | Markets News

Sensex Today

Sensex Today: Indian benchmark indices opened higher on Wednesday, tracking positive global cues.

The BSE Sensex rose 191 points, or 0.23%, to 84,820, while the Nifty50 gained 74 points, or 0.29%, to 26,011 at the opening bell.

Top gainers on the Sensex included Asian Paints, Sun Pharma, Reliance Industries, HCL Tech, Trent, Tata Steel, Adani Ports, Titan, and Kotak Bank. On the downside, M&M, Tata Motors PV, Bajaj Finance, Bajaj Finserv, Eternal, and BEL were among the major laggards.

In the broader market, performance was mixed — the Nifty MidCap index edged up 0.02%, while the Nifty SmallCap index slipped 0.28%.

Among sectors, the Nifty Metal index led the gains, up 0.5%, followed by Financial Services, Private Bank, and FMCG, each adding 0.2%.

However, the Nifty Capital Markets index came under sharp pressure, falling 3%. Stocks such as Nuvama Wealth, CAMS, Motilal Oswal Financial, HDFC AMC, 360 One WAM, NAM-India, Kfin Tech, Anand Rathi Wealth, and Aditya Birla Sun Life AMC declined between 2.5% and 6%.

Global Cues

Asian markets traded mixed on Wednesday as investors awaited the US Federal Reserve’s policy announcement, where a second consecutive 25-basis-point rate cut is widely expected. Markets have nearly priced in the move, which would lower the federal funds rate to 3.75–4.00 per cent.

Japan’s Nikkei climbed over 1 per cent to a fresh record high, while the Topix was flat and South Korea’s Kospi added 0.17 per cent. Australia’s ASX 200 slipped 0.16 per cent after Q3 inflation rose to 3.2 per cent, the fastest pace in over a year. Hong Kong markets remained closed for a public holiday.

On Wall Street, major US indices hit new record highs overnight — the S&P 500 rose 0.23 per cent, Nasdaq gained 0.80 per cent, and the Dow advanced 0.34 per cent — as investors positioned ahead of the Fed decision.