Market Rally Led by Tech Stocks

Tech stocks spearheaded a significant rally on Dalal Street this Wednesday, propelling the Sensex beyond the 80,000 mark for the first time in 2025. This milestone comes after more than four months of anticipation, with the overnight rally in the US market further fueling the buying momentum in India.

Closing Figures

The Sensex concluded the day with a gain of 521 points, or 0.7%, closing at 80,116 points. Similarly, the NSE Nifty rose by 162 points, or 0.7%, to end at 24,383 points.

US Market Influence

The rally was partly attributed to positive signals from US President Donald Trump regarding potential tariff reductions on China, alongside his comments on Federal Reserve Chairman Jerome Powell. This optimism carried over into Wednesday's trading, with notable increases in the Nasdaq Composite, Dow Jones, and S&P indices.

Investment Influx

Foreign funds played a pivotal role in Tuesday's market activity, injecting a net Rs 3,333 crore into the domestic market. Over the last five sessions, these funds have contributed a staggering Rs 20,410 crore to Indian stocks alone.

Contributing Factors

The market's upward trajectory was supported by several factors, including anticipated tariff adjustments, an RBI interest rate cut, a favorable monsoon forecast, and a cooling retail inflation rate.

Wealth Addition

Wednesday's rally enriched investors by an additional Rs 3.1 lakh crore, elevating BSE's market capitalization to Rs 430.5 lakh crore.