Sensex climbs 398 points on buying in RIL, IT counters

Market Performance - The benchmark Sensex increased by 398.44 points or 0.49% to close at 82,172.10, with an intraday high of 82,247.73, up by 474.07 points or 0.57% [3] - The Nifty-50 index rose by 135.65 points or 0.54% to settle at 25,181.80, nearing the 25,200 milestone [8] Sector Performance - IT shares, including HCL Tech, TCS, Infosys, and Tech Mahindra, saw gains ahead of quarterly earnings reports [4] - The metal sector surged by 2.16%, outperforming other sectors, while commodities and IT indices also showed significant increases [10] Company Highlights - TCS reported a 1.39% increase in consolidated net profit to Rs 12,075 crore and a 2.39% rise in revenues to Rs 65,799 crore for Q2 FY25 [4] - Tata Steel experienced a 2.65% rise in stock price following a 7% increase in domestic crude steel production [4] - HCL Tech, UltraTech Cement, Bharat Electronics, Sun Pharma, and Tata Consultancy Services were among the major gainers [5] Investor Sentiment - The market recovery was attributed to a return of risk appetite, with positive global cues and institutional buying interest supporting the indices [7][8] - Foreign Institutional Investors (FIIs) purchased equities worth Rs 81.28 crore on Wednesday [10]