Indian stock markets witnessed a strong rally on Wednesday, with key indices closing higher on the back of broad-based buying across banking, IT, and realty sectors. The BSE Sensex surged 593 points (0.78%) to close at 76,617, while the Nifty 50 climbed 167 points (0.72%) to end at 23,332.

The Nifty Bank index jumped 521 points to close at 51,348, supported by gains in major private sector banks. Midcap stocks outperformed, with the Nifty Midcap 100 index soaring 824 points to 52,053, indicating strong investor confidence in mid-sized companies.

Key Gainers of the Day

1. Tata Consultancy Services (TCS) – Up 7%

   • TCS emerged as the top gainer on Nifty after a positive brokerage note lifted investor sentiment.

2. PNB Housing Finance – Up 5%

   • The stock gained following reports that its loan book crossed INR 75,000 crore as of March 2025.

3. Dixon Technologies – Up 4%

   • The company’s stock surged after Kotak Institutional Equities upgraded its rating.

4. Bharat Dynamics – Up 6%

   • Investors cheered the company’s 40% year-on-year increase in FY25 turnover.

5. Godrej Properties & Macrotech Developers – Up 5% Each

   • Real estate stocks attracted heavy buying, driven by strong quarterly updates.

6. Kalyan Jewellers – Up 11%

   • Jewellery stocks surged ahead of upcoming quarterly updates, with Titan Company also rising 4%.

7. New-Age Tech Stocks (Swiggy, Zomato, PB Fintech) – Up 5% Each

   • These companies saw renewed buying interest, reflecting positive investor sentiment in the sector.

Banking Stocks: Mixed Performance

While private sector banks helped boost the overall market, PSU banks saw significant declines:

• Punjab & Sind Bank fell 12% amid concerns over regulatory actions.

• Central Bank of India dropped 10% due to worries about asset quality deterioration.

Market Sentiment and Factors Driving the Rally

• Positive Domestic Earnings: Strong quarterly results from major companies lifted investor sentiment.

• Brokerage Upgrades: Reports favoring TCS, Dixon Technologies, and PNB Housing Finance fueled buying interest.

• Global Trade Developments: Anticipation of Donald Trump's tariff announcements kept markets on edge but did not deter gains.

Advance-Decline Ratio & Market Breadth

The Advance-Decline Ratio on the NSE stood at 3:1, indicating that three stocks advanced for every one that declined, confirming a broad-based rally.

Outlook for the Coming Sessions

• Investors will closely monitor U.S. trade policies, particularly any updates on tariffs.

• Sectoral rotation might continue, with defensive stocks and IT expected to remain in focus.

• Corporate earnings reports in the coming weeks will influence short-term trends.

The market remains optimistic, with strong domestic fundamentals supporting further upside despite global uncertainties.

The Current active IPO are Infonative Solutions Limited,Spinaroo Commercial Limited,Retaggio Industries Limited.

The Closed IPOs are  Identixweb Limited, ATC Energies System Limited, Shri Ahimsa Naturals Limited.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in .Choice Broking FinX