In the barometer index, the S&P BSE Sensex jumped 513.45 points or 0.61% to 85,186.47. The Nifty 50 index added 142.60 points or 0.55% to 26,052.65.

In the broader market, the S&P BSE Mid-Cap index rallied 0.34% and the S&P BSE Small-Cap index declined 0.39%. The market breadth was negative.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.01% to 11.97.

Among the sectoral indices, the Nifty IT index (up 2.97%), the Nifty PSU Bank index (up 1.16%) and the Nifty Bank index (up 0.54%) outperformed the Nifty 50 index.

Meanwhile, the Nifty Oil & Gas index (down 0.35%), the Nifty Realty index (down 0.35%) and the Nifty Media index (down 0.27%) underperformed the Nifty 50 index.

Numbers to Track:

The yield on India's 10-year benchmark federal paper was up 0.12% to 6.531 as compared with previous close 6.523.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 88.5850 compared with its close of 88.6000 during the previous trading session.

MCX Gold futures for 5 December 2025 settlement rose 1.06% to Rs 1,23,936.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.16% to 99.75.

The United States 10-year bond yield shed 0.10% to 4.126.

In the commodities market, Brent crude for January 2025 settlement lost 47 cents or 0.72% to $64.42 a barrel.

Global Markets:

Most European markets traded higher on Wednesday after the U.K.’s annual inflation eased to 3.6% in October, raising expectations of a possible Christmas rate cut by the Bank of England. Investors are also awaiting key earnings from Sage Group, Severn Trent and Smiths Group, while Nvidia’s upcoming results remain a major global focus.

Most Asian markets ended lower, tracking Wall Street declines as concerns over artificial intelligence valuations continued to pressure tech stocks.

In Japan, concern over ballooning government spending plans has sent long-end bonds sliding and yields to record highs.

A 20-year auction later on Wednesday will be closely watched and benchmark 10-year yields hit a 17-year top of 1.765%.

On Wall Street, stocks fell again on Tuesday as technology shares continued to retreat on concerns about valuations of artificial intelligence-related stocks.

The Dow Jones Industrial Average shed 498.50 points, or 1.07%, to settle at 46,091.74. The S&P 500 lost 0.83% to end the day at 6,617.32. It was the broad-based index’s fourth straight losing session, making for its longest slide since August.

The Nasdaq Composite decreased 1.21% to finish at 22,432.85. At their lows of the session, the blue-chip Dow was lower by nearly 700 points, or 1.5%, while the S&P 500 and tech-heavy Nasdaq had fallen 1.5% and 2.1%, respectively.

A big AI partnership announced Tuesday failed to lift related stocks like such deals have in the past. AI-startup Anthropic said it will spend $30 billion with Microsoft and, in turn, Microsoft and Nvidia will invest billions in Anthropic. Nvidia and Microsoft remained deep in the red following the deal.

Simultaneously doubts are growing that the U.S. will cut interest rates again in December and investors worry that U.S. President Donald Trump's falling approval rating could drive fiscal spending and possibly stoke inflation.