Indian equity markets closed with healthy gains on Wednesday, driven by strong performances across major sectors, including banking, IT, and realty. The benchmarks rose over 1%, with broad market breadth firmly in favor of advances. The BSE Sensex surged 593 points, or 0.78%, to 76,617, while the Nifty 50 gained 167 points, or 0.72%, closing at 23,332. The Nifty Bank index rose 521 points to 51,348, supported by gains in heavyweight private sector banks. The Nifty Midcap 100 outperformed, climbing 824 points to 52,053, reflecting robust investor sentiment in mid-sized companies.

Nifty heavyweights like HDFC Bank, ICICI Bank, and Infosys led the rally, each rising 1-2%. Tata Consultancy Services emerged as the top gainer on the Nifty, surging 7% after a positive brokerage note boosted investor confidence. PNB Housing Finance gained 5%, buoyed by news of its loan book crossing INR 75,000 crore as of March 2025. Dixon Technologies surged over 4% following an upgrade from Kotak Institutional Equities, while Bharat Dynamics jumped 6% on reporting a 40% increase in its FY25 turnover. Realty stocks saw strong buying interest, with Godrej Properties and Macrotech Developers both gaining 5%. Jewellery stocks also gained, with Kalyan Jewellers rising 11% and Titan Company adding 4% ahead of their quarterly updates.

New-age companies like Swiggy, Zomato, and PB Fintech each climbed around 5%, reflecting positive market sentiment in the tech space. Banking stocks witnessed mixed moves, with Punjab & Sind Bank and Central Bank of India underperforming, falling 10-12% amid concerns over regulatory developments and asset quality. The Advance-Decline Ratio on the NSE stood at 3:1, indicating broad-based participation in the rally.

Investor sentiment was buoyed by expectations surrounding global trade developments, particularly ahead of anticipated tariff announcements from former U.S. President Donald Trump, which kept market participants on edge. Despite the geopolitical concerns, strong domestic earnings, positive brokerage reports, and sector-specific catalysts provided a robust cushion to the indices.