The NSE Nifty gained 0.67%, or 161.7 points, to finish at 24,328. The BSE Sensex moved 0.65% or 520.9 points higher at 80,116. Both indices have surged over 8.3% each in the past seven trading sessions. This is their longest winning run in a month.

The Nifty IT index shot up 4.3% - posting its biggest single-day gain in 10 months. HCL surged 7.74%, followed by Coforge, Oracle Financial Services Software, LTI Mindtree and MPhasis, which ended 5-6.4% higher. The surge in IT stocks helped the benchmark Nifty close 0.67% higher on Wednesday.

RBI had lowered the repo rate by 25 basis points for the second time in a row to 6% and changed its stance to accommodative from neutral on April 9. He hinted at further rate cuts by adding that "going forward too, considering the evolving growth-inflation trajectories, monetary policy needs to be accommodative."

Last month, NSE chief Ashish Chauhan had advocated for a unified derivatives expiry across all exchanges to enhance risk management. Ramamurthy, who took charge at the country s oldest exchange in January 2023 from Bank of America, said a single day expiry results in concentration risk.

Bonds maturing by 2030 have already softened by over 25 basis point beginning of this fiscal year in hope of more rate cuts as inflation has eased, contributing to a significant flattening of the yield curve.

Sun Pharma is expected to post a 9% year-on-year revenue growth, supported by its US specialty portfolio and steady growth in chronic therapies in India.

U.S. stocks surged on Tuesday, fueled by encouraging earnings reports and signals of easing U.S.-China trade tensions. President Trump s remarks about potential tariff reductions and his support for Federal Reserve Chair Jerome Powell further boosted investor confidence. The Dow Jones Industrial Average soared over 1,000 points, with the S&P 500 and Nasdaq also experiencing significant gains.

Wall Street s main indexes rallied at the open on Wednesday after U.S. President Donald Trump dialed back on his threats to fire Federal Reserve Chair Jerome Powell and raised hopes for a trade deal with China.

Tesla investors breathed a sigh of relief after CEO Elon Musk said he would refocus his attention on the electric automaker, but that promise did not entirely dispel worries that his right-wing shift had irrevocably damaged the company s brand.

Indian steelmakers like JSW Steel, Tata Steel, and SAIL are expected to post strong sequential profit growth in Q4 FY25, driven by seasonal strength, rising steel prices, and falling input costs. However, year-on-year profit may dip due to import pressures.