Sensex Rises 347 Points, Nifty Ends Above 24,085 as IT and Defence Stocks Lead Market Rally

Indian equity markets ended higher on Wednesday, extending their winning streak to a fourth consecutive trading session, supported by positive global cues, easing crude oil prices, and strong buying activity in information technology and defence stocks.

The NSE Nifty 50 gained 96.55 points (0.40%) to close at 24,085.70, comfortably remaining above the key 24,000 mark. Meanwhile, the BSE Sensex advanced 346.67 points (0.45%) to settle at 77,155.62.

Defence Stocks Continue Strong Momentum

Defence-sector shares emerged as some of the top performers during the session after reports highlighted record defence production and export figures in FY2026. The positive outlook for India's defence industry boosted investor confidence and triggered fresh buying across several defence-related companies.

IT Stocks in Focus

Information technology stocks also witnessed strong demand as investors positioned themselves ahead of the upcoming U.S. Federal Reserve policy announcement. Market participants are closely watching signals from the Federal Reserve regarding future interest rate decisions, which could influence global investment flows and technology sector valuations.

Crude Oil Prices Provide Support

A decline in global crude oil prices added further support to market sentiment. Lower energy costs are generally viewed as beneficial for India, helping ease inflation concerns and reducing pressure on import expenses.

The softer crude oil environment contributed to improved risk appetite among investors and supported gains across multiple sectors.

Positive Global Sentiment Lifts Markets

Global market cues remained favorable, with investors responding positively to easing geopolitical concerns and improving economic expectations. The supportive international backdrop helped sustain buying momentum throughout the trading session.

Outlook for Investors

With the Nifty maintaining levels above 24,000 and the Sensex continuing its upward trajectory, market sentiment remains constructive. Investors will now closely monitor the U.S. Federal Reserve's policy decision, global economic indicators, foreign investment flows, and commodity price movements for further direction.

The combination of easing crude oil prices, resilient corporate fundamentals, and strength in sectors such as information technology and defence continues to support the bullish trend in Indian equities.