Sensex rises, Nifty above 25,200 on India-US trade optimism

The domestic share market rebounded on Wednesday, ending a two-day losing streak, as the Sensex and Nifty gained amid rising hopes of a U.S. Federal Reserve rate cut and renewed optimism over corporate earnings.At close, the Sensex was up 575.45 points or 0.70 percent at 82,605.43, and the Nifty was up 178.05 points or 0.71 percent at 25,323.55. 
Bajaj Finserv, Bajaj Finance, Trent, Nestle India, Asian Paints were the top gainers on the Nifty, while losers included Infosys, Tata Motors, Bajaj Auto, Tech Mahindra, Axis Bank.On the sectoral front,all the sectoral indices ended in the green with realty index up 3 percent, while power, consumer durables, PSU Bank, metal and telecom indices up 1-2 percent. BSE midcap index added 1%, and smallcap index jumped 0.7%.
Rupee Close: 
On 15 Oct'25,the Indian rupee bounced back sharply by 75 paise to close at 88.06 against the US dollar on Wednesday, posting its biggest intraday gain in nearly four months, due to likely intervention by the RBI and a surge in the domestic markets.Forex traders said domestic markets surged nearly 0.70 per cent on optimism over trade talks between India and the US, which reflected in the USD/INR pair.Moreover, a weak US Dollar and an overnight decline in crude oil prices also supported the rupee.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated,the national market inched higher after two days of selling; a dovish comment by the Fed chair on rates and considering an end to its quantitative tightening sparked the global market sentiment.The US 10-year yield declined while the rupee gained, indicating a momentum shift in FIIs to emerging markets like India, which may navigate the domestic market trajectory in the short to medium term.Realty outperformed due to an ease in the interest rate cycle and attractive valuation, while positive global cues supported the IT and Metal indices.
Market experts recommended five stocks to buy on Wednesday- Usha Martin, Inox Green Energy Services, Granules India, Premier Energies, and Swiggy.

(Business Correspondent)