Indian equities powered through Wednesday’s session with a strong bullish grip, led by financials, PSU banks, and broader market strength. The Nifty 50 surged 2.19% to close at 23,328.55, reclaiming its upward trajectory after global cues turned favorable. The Sensex rose 0.40%, while Nifty Bank jumped 2.70%, signaling strength in heavyweight lenders.

Mid & Small Caps Join the Party

Broader markets kept up their stellar run.

Nifty Midcap 100 climbed 0.71% Nifty Smallcap 100 added 1.05% In just six sessions, these segments have jumped over 16%, reflecting strong domestic appetite and “India over China” sentiment.

Sector Snapshot

Winners of the day:

PSU Banks, Energy, Media, Realty – all posted healthy gains. Underperformers: Auto and Pharma saw minor profit booking.

Top Gainers

JBM Auto rose 10.70% Gujarat Mineral Development Corp rallied 9.41% DOMS Industries jumped 8.23%

Top Losers

Zydus Lifesciences declined 6.47% Sai Life Sciences lost 5.48% Mahanagar Gas fell 4.68%

Buzzing Stocks – High Volume Action

Raj Oil Mills soared 19.98%, with a 40x surge in volume over its weekly average. JBM Auto and Max India followed with massive spikes in participation and price.

Stocks in the News

Gensol Engineering: SEBI cracked down on promoters over fund misuse; stock split halted. IndusInd Bank: Hit by ₹1,979 crore accounting error linked to derivatives. Blue Dart: Strengthened its Northeast presence with Guwahati air connectivity. Dabur: UK expansion through new overseas arm. MGL: Faces margin pressure due to 18% cut in APM gas allocation. NHPC: Operationalised 200 MW unit at Parbati-II hydro project in Himachal Pradesh.

Market Mood

With 78 stocks hitting fresh 52-week highs and a bullish setup on the charts, sentiment remains optimistic. Tech stocks posted a strong intraday reversal, hinting at further upside in coming sessions.

Global Economic Calendar – This Week

Apr 17: U.S. Fed Beige Book release Apr 18: China Q1 GDP & Industrial Output Apr 19: U.S. Jobless Claims Apr 20: Eurozone CPI & Core Inflation

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Momentum is alive—and it’s broad-based. Stay tuned, stay invested.