Equity market bounced back on Wednesday after a muted opening, lifted by IT and PSU bank stocks, amid renewed optimisim over an India-US trade deal. Sensex rallied over 85,200 level and NIfty crossed 26,000 mark during the session.According to Vinod Nair, Head of Research, Geojit Investments, market participants will now watch out for tomorrow’s FOMC minutes for further policy signals.Following an intraday rally of 710 points, Sensex settled 513.45 points or 0.61 per cent higher at 85,186.47 (scaling to a h ...

Core Viewpoint - The Indian stock market indices, Nifty 50 and Sensex, have shown positive momentum, driven by banking and pharmaceutical stocks, amid improving global sentiment and renewed foreign investor interest [1][6]. Market Performance - The Sensex closed at 82,500.82, up by 328.72 points or 0.40%, while the Nifty 50 ended at 25,285.35, gaining 103.55 points or 0.41% [2]. - Both indices recorded weekly gains of approximately 1.5%, with Nifty advancing 1.57% and Sensex climbing 1,290 points, marking their second consecutive week of gains [2]. Sectoral Performance - Nifty Realty and PSU Bank indices were the top gainers, each surging around 1.70%, while Nifty Pharma advanced 1.3% and Nifty Bank increased by 0.74% [3]. - Nifty Metal declined by 0.9%, and Nifty IT slipped by 1.10%, ending as the only major laggards [3]. Individual Stock Movements - Cipla led the Nifty 50 gainers, surging 3.63% to ₹1,568, followed by State Bank of India, which jumped 2.22% to ₹881.25 [4]. - Tata Steel was the top loser, falling 1.46% to ₹173.85, followed by TCS, which declined 1.10% to ₹3,028 [4]. Broader Market Trends - The Nifty Midcap 100 advanced 0.46% to 58,697.40, while the Nifty Next 50 rose 0.24% to 68,687.25 [5]. - Market breadth improved significantly, with 2,424 stocks advancing against 1,766 declines on the BSE [5]. Investor Sentiment and Future Outlook - Positive investor sentiment was bolstered by optimism over a potential India–US trade deal and easing geopolitical tensions in the Middle East [6]. - Foreign portfolio investors recorded net purchases of ₹2,830 crore over the past three sessions, indicating strong institutional flows [6]. - Analysts expect the positive momentum to continue, supported by ongoing earnings season and improving macroeconomic indicators, with the Nifty potentially moving towards 25,500–25,550 [7].