Indian benchmark indices crept higher on Wednesday, matching advances in Asian counterparts, after the Nifty fell to its lowest level in three decades on Tuesday amid increasing global trade tensions sparked by US President Donald Trump's tax rollout on key trading partners.
The benchmark BSE Sensex rose 504 points, or 0.69%, to 73,494, while the Nifty 50 advanced 154 points, or 0.7%, to 22,237.
Mahindra & Mahindra, Power Grid Corporation of India, State Bank of India, ICICI Bank, and Adani Enterprises were the top performers in the Nifty 50 rally on Wednesday.
The Nifty Auto and Nifty IT indices both saw 1.1% and 1.6% increases, respectively. With ICICI Bank leading the way with a 1.2% increase, the Nifty Bank index increased by 0.3%.
The Nifty 50 started an incredible 10-day losing streak on Tuesday, the longest since it was first formally introduced in April 1996. Since reaching its peak of 26,277 in September 2024, the benchmark index has dropped more than sixteen percent, making it the sixth-largest decline since the 2008–09 financial crisis and the second-largest since the March 2020 COVID-19-driven decline.
Relentless foreign institutional investor (FII) outflows, which have already exceeded $14 billion in 2025, have fueled the selloff, which has been worsened by concerns about US President Trump's tariff threats and a weaker rupee. Meanwhile, the Sensex fell for the fifth consecutive month in February, a historic streak dating back to 1996.
Eleven of the 13 major sectors opened higher, with the IT index leading the way.
Individual stocks rose 5.7% after Coforge signed a 13-year, $1.56 billion agreement with Sabre Corporation.
Broader markets also improved, with the Nifty Midcap 100 increasing 0.7% and the Nifty Smallcap 100 up 0.9%.
