Indian Stock Market Rises as Sensex and Nifty Recover from Recent Losses

IT, telecom, and energy stocks lead gains while global trade tensions and tariff concerns persist.

The BSE Sensex climbed 506.29 points (0.69%) to 73,496.22, and NSE Nifty rose 176.10 points (0.80%) to 22,258.75 in early Wednesday trade.
IT, telecom, oil, and gas sectors saw notable gains, with Power Grid Corporation, Mahindra & Mahindra, and HCL Technologies among the top performers.
Global oil prices dropped slightly, contributing to gains in the Nifty Oil & Gas index, which increased by 1.16%.
The market's recovery comes after 10 consecutive days of losses, attributed to escalating trade tensions and new U.S. tariffs on China, Canada, and Mexico.
Foreign Institutional Investors (FIIs) remained net sellers, offloading ₹3,405.82 crore, while Domestic Institutional Investors (DIIs) were net buyers, purchasing equities worth ₹4,851.43 crore.