Mumbai

Stockmarket benchmark indices Sensex and Nifty ended higher on Wednesday, taking their winning run to the fourth straight session, buoyed by softening crude oil prices following a peace deal between the US and Iran.

The 30-share BSE Sensex climbed 347.14 points, or 0.45 per cent, to settle at 77,155.62. During the day, it jumped 410.51 points, or 0.53 per cent, to 77,218.99. The 50-share NSE Nifty rallied 96.55 points, or 0.40 per cent, to end at 24,085.70. Intraday, the benchmark advanced 119.05 points, or 0.49 per cent, to 24,108.20.

Among the 30 Sensex firms, Trent jumped the most, by 7.06 per cent. Bharat Electronics, Eternal, Tata Steel, Infosys, Titan and Bharti Airtel were also among the winners. Bajaj Finserv, Axis Bank, Kotak Mahindra Bank, and Mahindra & Mahindra were among the laggards.

“Continued weakness in crude oil prices, driven by easing geopolitical tensions around the Strait of Hormuz, has kept investor sentiment buoyant,” Vinod Nair, Head of Research, Geojit Investments Limited, said.

In four days, the BSE benchmark has jumped 3,323.07 points, or 4.50 per cent, and the Nifty surged 924.1 points, or 3.98 per cent.

“Markets extended their winning streak for the fourth consecutive session on Wednesday, supported by favourable global cues and sustained buying across sectors. The continued easing in crude oil prices and expectations of a status quo from the US Federal Reserve in its upcoming policy meeting supported overall risk sentiment,” Ajit Mishra - SVP, Research, Religare Broking Ltd, said.

The BSE MidCap Select index jumped 1.20 per cent and SmallCap Select index went up by 0.31 per cent. Sectorally, Capital Goods surged 2.76 per cent, Industrials (1.83 per cent), PSU Bank (1.80 per cent), Consumer Durables (1.39 per cent), Power (1.19 per cent) and Metal (1.15 per cent). Utilities, Auto, Realty were the laggards.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 749.18 crore on Tuesday after a day’s breather, according to exchange data. On Tuesday, the Sensex jumped 544.15 points, or 0.71 per cent, to settle at 76,808.48. The Nifty climbed 135.25 points, or 0.57 per cent, to end at 23,989.15.

Mumbai

Thetotal market capitalisation of all companies listed on the BSE crossed the $5 trillion mark on Wednesday, reaching its highest level in nearly six weeks as a rally in domestic equities gathered pace amid easing geopolitical concerns and falling crude oil prices.

The momentum comes after a strong recovery in the broader market over the past few sessions, supported by improved investor sentiment following developments related to the proposed US-Iran peace agreement and a sharp moderation in global oil prices. According to analysts, the decline in crude oil prices, coupled with a drop in volatility indicators, helped improve risk appetite and supported gains across equities. In addition, the rally has added more than 6 per cent to the market value of BSE-listed firms over the last four trading sessions.

Broader market indices continued to outperform benchmark gauges. While Sensex has posted moderate gains since April, midcap, smallcap and microcap stocks have delivered stronger returns, reflecting wider participation in the ongoing market recovery.