Indian equity markets traded firmly in the green on Wednesday, with benchmark indices gaining sharply amid strong buying in information technology and metal stocks. The BSE Sensex climbed nearly 400 points to trade above the 77,300 mark, while the NSE Nifty rose more than 100 points to cross 24,100 during intraday trade.

Market sentiment remained positive despite mixed global cues, with investors showing renewed interest in heavyweight IT counters such as Infosys and HCL Technologies, both of which gained around 4% during the session.

The rally in technology stocks came as investors accumulated shares after recent consolidation, while metal counters also witnessed broad-based buying support. Analysts said expectations of improved earnings and optimism around global demand trends contributed to the positive momentum.

Among the major gainers on the Sensex and Nifty were Infosys, HCL Tech and several metal companies, helping the indices extend gains for a second consecutive session.

Asian Markets Trade Mixed

Asian markets presented a mixed picture on Wednesday.

Index

Change

South Korea (Kospi)

-3.04%

Japan (Nikkei)

-1.25%

Hong Kong (Hang Seng)

+1.09%

US Markets Ended Lower

Overnight, Wall Street closed marginally lower, reflecting cautious sentiment among global investors.

Index

Change

Dow Jones

-0.03%

Nasdaq

-0.66%

S&P 500

-0.22%

FIIs Continue Selling

Foreign institutional investors (FIIs) remained net sellers in Indian equities, extending their selling streak. According to exchange data, FIIs have sold shares worth ₹3,907 crore over the last seven trading sessions and ₹36,754 crore over the past month.

In contrast, domestic institutional investors (DIIs) continued to provide support to the market. DIIs bought shares worth ₹9,644 crore in the last seven sessions and ₹71,102 crore during the past month.

Previous Session Recap

The current rally follows a strong close in the previous session. On Tuesday, July 1, the Sensex had surged 443 points to end at 76,922, while the Nifty gained 140 points to close at 24,005.

Market experts said the continuation of buying interest in large-cap stocks, particularly in IT and metal sectors, has helped benchmark indices sustain their upward trajectory despite persistent foreign fund outflows.

Investors will now watch global economic cues, movement in crude oil prices and upcoming corporate earnings announcements for further direction.