Indian stock markets experienced a surge on Wednesday, with both the Sensex and Nifty demonstrating significant gains. The Sensex climbed over 350 points, while the Nifty surpassed the 24,950 mark, reflecting positive investor sentiment.
Market Drivers and Global Influences
Several factors contributed to the upbeat market mood. Renewed optimism surrounding potential goods and services tax (GST) cuts and revived trade discussions between the United States and India played a crucial role in boosting sentiment. Furthermore, positive cues from global markets, particularly the record highs achieved by Wall Street indices overnight, instilled confidence among investors. The Dow Jones Industrial Average, S&P 500, and Nasdaq all closed at record highs, fueled by hopes that the US Federal Reserve would decrease interest rates.
Asian markets also traded positively, with investors closely monitoring China's consumer price index (CPI) and producer price index (PPI) data for August.
Sectoral Performance
The Indian stock market witnessed broad-based gains, with all 16 major sectors participating in the rally. IT stocks led the advance, driven by renewed interest in the technology sector. Expectations of a potential rate cut in the US, which typically benefits Indian IT exporters, further propelled the sector's growth. Infosys emerged as a top performer, buoyed by the announcement that its board would consider a share buyback.
Defensive sectors like Pharma and FMCG also provided support to the indices, offering stability amid global uncertainties. In contrast, Oil & Gas, Realty, and PSU Banks lagged, acting as a drag on overall market gains.
The broader market exhibited resilience, with the Nifty Midcap 100 and Nifty Smallcap 100 indices also posting gains, indicating sustained investor interest beyond large-cap stocks.
Expert Views and Trading Strategies
Analysts suggest that the underlying trend of Nifty 50 remains positive, albeit with potential for choppy movement. Immediate support is seen at 24,750, with a decisive upside breakout of the 24,900-25,000 resistance zone anticipated.
For Bank Nifty, experts anticipate a range-bound movement between 53,500 and 55,000 in the near term, suggesting a consolidation phase. A buy-on-dips strategy is recommended as long as the index sustains above the 53,560-53,600 zone.
Avanti Feeds in Focus
Shares of seafood companies, including Avanti Feeds, are in focus as the European Union (EU) has approved additional marine product units from India for exports. However, as of September 9, 2025, Avanti Feeds' share price was ₹658.10, down by 0.27%. According to analysts' ratings, the target price for Avanti Feeds is ₹757.5, indicating a potential upside of 14.79%. Investment in Avanti Feeds shares has decreased by 7.38% over the past 30 days, while search interest has increased by 66%.
Key Stocks in News
Overall, the Indian stock market is currently experiencing positive consolidation, with bullish sentiment expected to continue as long as the Sensex trades above the 80,900-80,750 support zone. Investors are closely monitoring global cues, macroeconomic data releases, and stock-specific developments to make informed decisions.
