Markets sustained strong gains through the mid-session on Wednesday, with the BSE Sensex trading at 75,604.76, up 1,536.31 points or 2.07 per cent, and the Nifty 50 at 23,398.15, up 485.75 points or 2.12 per cent, as of 01.05 pm. The rally, extending Tuesday’s sharp relief bounce, was driven by continued easing of geopolitical tensions in the Middle East following US President Donald Trump’s announced pause on strikes targeting Iranian energy infrastructure.
The advance was broad-based and decisive. On BSE, 3,238 of the 4,338 stocks traded were in positive territory, against only 915 declines, with 185 unchanged. Fifty-eight stocks hit 52-week highs, while 175 touched 52-week lows. A total of 183 stocks were locked in upper circuits, compared to 136 in lower circuits — a market breadth picture that points to widespread buying across segments and not just index-level moves.
Shriram Finance led gains on the Nifty 50, surging 5.66 per cent to ₹954.70, emerging as the top gainer in early afternoon trade on volumes of over 82 lakh shares. Titan Company rose 4.84 per cent to ₹4,088.10, while Trent advanced 4.67 per cent to ₹3,522.90. Adani Enterprises gained 4.45 per cent to ₹1,898.80, recovering from recent pressure, and Bajaj Finance climbed 3.76 per cent to ₹880.95 on robust volumes exceeding 86 lakh shares worth ₹75,867.68 lakh.
The losers’ list was thin and shallow, signalling the breadth of today’s buying interest. Tech Mahindra slipped 0.68 per cent to ₹1,423.00, Power Grid fell 0.48 per cent to ₹297.55, and Kotak Mahindra Bank edged lower by 0.40 per cent to ₹365.40, making it one of the rare private banking names to trade in the red amid an otherwise green session for the financial sector.
Tuesday’s closing data provides additional context for today’s move. The rupee remained under pressure, trading near 93.90 against the dollar, weighed by residual concerns over crude import costs and geopolitical uncertainty. Crude oil, while sharply lower from recent peaks following Trump’s de-escalation signal, saw a partial recovery of around 2.4 per cent as Iran denied any active negotiations and fresh regional developments reintroduced caution. Gold, which had recovered to around ₹1,40,000 from a weak opening near ₹1,36,500 on Tuesday on short covering, continues to face resistance near ₹1,42,000 with support at ₹1,35,000.
Analysts have flagged Nifty’s 23,030–23,060 zone as the immediate hurdle from Tuesday’s session, and the index has already broken above that level decisively in morning trade. Whether it can hold and extend above the 23,200–23,300 range into the close will be a key test of whether this relief rally has legs heading into the rest of the week. Volatility indicators and geopolitical headlines are likely to remain the primary drivers through the afternoon session.
Published on March 25, 2026
