Optimism over higher spending on artificial intelligence during Donald Trump’s tenure (which reduced uncertainties over his tariff policy) and gains in top-heavy HDFC Bank led Indian stock markets on Wednesday. Due to this, the indices ended the trading with a rise.
Sensex closed at 76,405, up 566 points. Whereas the Nifty-50 index stood at 23,155 with a gain of 131 points. However, selling pressure continued in the broader markets and Nifty Midcap 100 fell by 1.3 per cent while Nifty Smallcap 100 slipped by 1.6 per cent.
The ratio of rising and falling shares in the market remained weak and 2,802 shares fell while 1,142 rose on the BSE. The total market capitalization of BSE listed firms declined by Rs 2.2 lakh crore to Rs 422 lakh crore. Market capitalization has declined by Rs 20.1 lakh crore so far this month.
Infosys, rising 3.2 per cent, was the best performer among Sensex stocks and also the biggest contributor to the index’s rise. TCS was the second best performing stock among the Sensex stocks and the third biggest contributor to the Sensex’s rise. Shares of IT giants rose when US President Donald Trump on Tuesday announced private sector investment of $ 500 billion for Artificial Intelligence infrastructure.
The index was also boosted by gains in HDFC Bank shares as the bank’s quarterly results were in line with market expectations. The Indian stock market has been facing selling pressure for the last few months amid disappointment on the earnings front and selling by FPIs. So far in the year 2025, FPIs have sold shares worth Rs 58,076 crore.