Stock Market Recap: Sensex Ends 304 Points Higher, Nifty Tops 24,600; BEL, Eternal Gain 2% Each

Overview India's benchmark indices closed in positive territory on Wednesday, driven by strength in auto and financial sectors. Optimism was fueled by softer U.S. retail inflation data, which strengthened expectations of a potential interest rate cut by the Federal Reserve in September. Additionally, signs of easing inflationary pressures at home helped boost investor confidence. The BSE Sensex climbed 0.38%, adding 304.32 points to settle at 80,565, while the broader NSE Nifty 50 advanced 0.54%, or 131.95 points, to close at 24,619.35. Top Market Movers

m surged 5% to hit a 52-week high following RBI’s in-principle approval for a payment aggregator license to its subsidiary. rallied 3% as analysts set price targets as high as ₹6,000, despite a 4% YoY decline in Q1 PAT. n Energy declined over 3%, though Motilal Oswal remains bullish with a target of ₹80. gained 3% after reporting a 30% YoY jump in Q1 earnings—analysts weigh whether to buy, hold, or sell. a Consumer soared 13% on better-than-expected Q1 results; Jefferies sees upside potential up to ₹400. Global Market Snapshot Stoxx Europe 600 was up 0.4% as of 10:24 a.m. London time S&P 500 Futures rose 0.2% Nasdaq 100 Futures climbed 0.2% Dow Jones Industrial Average Futures edged up 0.2% MSCI Asia Pacific Index advanced 1.6% MSCI Emerging Markets Index increased 1.7%