Indian equities finished sharply higher on Wednesday, buoyed by robust gains in technology stocks that helped offset the drag from rising energy prices. The S&P BSE Sensex advanced 1.2% to close at 77,655, while the NSE Nifty 50 climbed 1.1% to 24,250.
Technology and software names led the rally as investors moved back into the sector, capitalizing on relatively attractive valuations after a recent sharp selloff. That decline had largely mirrored weakness in North American software stocks, driven by concerns that advances in artificial intelligence could dampen demand for traditional proprietary software.
The sector faced another potential inflection point ahead of quarterly results from Meta and Microsoft in the US overnight, and the upcoming Federal Reserve policy decision, which could influence sentiment toward Indian companies with significant exposure to US credit markets.
Among individual movers, Infosys surged 4.5%, while Eternal, TCS, and HCL Tech each gained more than 1.5%. Engineering major Larsen & Toubro also added 2.6% after reporting its latest earnings.
