Opening Bell: Nifty 50, Sensex Gain as Iran Deal Hopes Boost Sentiment Ahead of RBI Policy Outcome
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The Sensex traded higher by 490.67 points, or 0.63 per cent, at 78,919.62, while the Nifty 50 gained 29.60 points, or 0.12 per cent, to trade at 24,643.90.
✨ Key Takeaways
Indian benchmark indices gained on Wednesday as improving global risk sentiment lifted investor confidence after U.S. Treasury Secretary Scott Bessent indicated that Washington and Tehran could reach a deal soon.
Domestic investors remained focused on the outcome of the Reserve Bank of India's Monetary Policy Committee (MPC) meeting. The rate-setting panel is widely expected to maintain the status quo on policy rates.
The Sensex traded higher by 490.67 points, or 0.63 per cent, at 78,919.62, while the Nifty 50 gained 29.60 points, or 0.12 per cent, to trade at 24,643.90.
Among the Nifty 50 constituents, InterGlobe Aviation, Larsen & Toubro, and Shriram Finance were the Top Gainers, supporting the broader market recovery.
In the broader market space, the Nifty MidCap index rose 0.32 per cent, while the Nifty SmallCap index advanced 0.72 per cent, indicating positive participation from mid and Small-Cap stocks.
Sector-wise, the Nifty Realty index emerged as the top performer, gaining nearly 2 per cent. The Nifty Auto and Nifty PSU Bank indices also outperformed the broader market. On the other hand, the Nifty FMCG and Nifty Pharma indices remained under pressure and lagged their sectoral peers.
Disclaimer: The article is for informational purposes only and not investment advice.