Sensex Rises Over 500 Points: What's Behind Today's Bull Run on Dalal Street?

Sensex Surges by Over 500 Points Amid IT Sector Rally

Optimism Over US Fed Policy and Union Budget Spurs Market Rally

Broader Indices Also See Significant Gains

IT Stocks Lead the Charge: Persistent Systems, LTIM, LTTS, and Mphasis Shine

Bluechip Firms Gain: Infosys, TCS, and Wipro Up by 1-2%

Global Cues Boost Sentiment: US Tech Stocks Rebound

Mid- and Small-Cap Stocks Attract Investors: Valuations Appear Attractive

Benchmark stock market indices gained for the second straight session on Wednesday due to a rally in information technology (IT) stocks. The S&P BSE Sensex was trading 508.25 points higher at 76,409.66 at 1:10 pm, while the NSE Nifty50 rose 170.15 points to trade at 23,127.40. All the other broader market indices were also trading in positive territory, even as volatility continued to rise during the trading session.

Conclusion

Despite the gains, market experts have advised investors to remain cautious, citing volatility and selling by foreign institutional investors (FIIs). Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, "The recovery in the market witnessed yesterday can continue with resilience in fairly priced financials. However, a sharp rally is unlikely since FIIs will sell at higher levels. The market will be looking forward to positive cues in the budget. The Fed decision today is unlikely to influence the market since no change in policy is expected from this meeting."