India's BSE Sensex surged approximately 0.4%, closing at 84,997 on Wednesday—the highest point reached since September 2024—recovering from the previous day's downturn. The gains were primarily driven by energy and metal stocks, sparked by optimism surrounding the potential trade discussions between the US and China, the world's two largest consumers of metals and crude oil. Investor sentiment was further strengthened by favorable domestic economic data, sustained foreign investment inflows, and the anticipation of a rate cut by the US Federal Reserve. Additionally, reports suggesting that US President Trump might soon finalize a trade agreement with India contributed positively to the market. Among the leading gainers were NTPC, PowerGrid, Adani Ports, HCL Tech, and Tata Steel, with increments between 1.7% and 3.1%. Conversely, Bharat Electronics, Eternal, Mahindra & Mahindra, Maruti Suzuki, and Bajaj Finance were at the forefront of the laggards, experiencing declines ranging from 0.9% to 1.4%.
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