Sensex jumps 400 points higher, Nifty tops 24,700; IT, financial stocks lead gainers

Indian benchmark indices Sensex and Nifty50 opened higher on Wednesday, supported by gains in financial and IT stocks, after both U.S. and domestic inflation data for April came in lower than expected.

The BSE Sensex rose 467 points, or 0.58%, to 81,616, while the Nifty50 gained 137 points, or 0.56%, to trade at 24,715 around 9:25 am.

U.S. consumer inflation rose 0.2% in April, below the 0.3% increase forecast by economists in a Reuters poll, easing concerns over further interest rate hikes by the Federal Reserve.

Meanwhile, India’s retail inflation eased to 3.16% in April, the lowest in six years and below the Reuters poll estimate of 3.27%, boosting hopes of a potential rate cut by the Reserve Bank of India.

From the Sensex pack, Tata Steel, Bharti Airtel, L&T, Infosys, Tech Mahindra, and Bajaj Finserv were among the top gainers, rising 1–4%. On the other hand, Tata Motors, Asian Paints, Nestle India, IndusInd Bank, and HUL opened with losses.

Tata Steel shares surged 4% after the company’s substantial capital expenditure plan of Rs 15,000 crore for FY26, according to a report.Meanwhile, Garden Reach Shipbuilders & Engineers (GRSE) shares skyrocketed 14.4% in early trade after the company reported a sharp 118% YoY jump in its Q4FY25 net profit to Rs 224 crore.On the sectoral front, all indices opened higher, with Nifty Financial Services, IT, Metal, PSU Bank, Realty, and Oil & Gas rising between 0.5% and 2%.

The market capitalisation of all listed companies on BSE surged by Rs 3.1 lakh crore to Rs 434.2 lakh crore.

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