The Nifty50 and the Sensex outperformed most of their Asian peers on Wednesday, as Indian equities advanced alongside regional markets. Easing crude oil prices and a largely priced-in U.S. Fed rate hike improved investor sentiment, contributing to a constructive mood in the market.
Market Context
The positive sentiment was further bolstered by a moderation in Japanese bond yields ahead of the Bank of Japan's policy decision, which supported risk appetite across Asia. Domestically, large-cap stocks led the gains, particularly in the banking, FMCG, and automobile sectors. However, the IT sector experienced selective profit booking following its recent outperformance.
