Among the Nifty 50 stocks, Wipro, Tech Mahindra, HDFC Life Insurance, L&T, and HDFC Bank led the rally, emerging as the top gainers for the day. On the flip side, ONGC, Maruti Suzuki, Tata Steel, Bajaj Finance, and UltraTech Cement saw declines, limiting the market's overall gains.
The Nifty index gained 59.20 points to open at 25,023, while the BSE Sensex index was also up by 0.24 per cent, gaining 195 points to open at 81,576.93.
As the earnings season begins and companies start reporting their financial results, the Nifty 50 index is projected to deliver a revenue growth of 4.5 per cent for the second quarter of the fiscal year 2025 (FY25), according to a report by Axis Securities.
Indian stock markets opened with gains on Wednesday, as investor confidence received a boost following favorable assembly election results for the ruling party.
Snapping six-day losses, Indian stock indices closed in green Tuesday, primarily due to buying at lower levels and with BJP heading for a third straight term in Haryana.
Indian stock indices closed in red Monday, logging sixth straight session losses, with analysts attributing the fall to a consolidation after the recent bull run.