MUMBAI: Dalal Street opened on a bullish note for the second consecutive session on Wednesday, supported by easing geopolitical concerns amid hopes of de-escalation in the West Asia conflict. Additionally, reports suggesting that Donald Trump had proposed a 15-point plan to Iran via Pakistan further enhanced investor confidence.
Sensex opened around 600 points or 0.80 per cent higher at 74, 652, while Nifty began trading at 23, 064, up 150 points or 0.66 per cent.
In early trade, the 30-share index extended gains, rising as much as 771 points or 1.04 per cent to hit an intraday high of 74, 840 as of 9.18 a.m. The Nifty also surged about 1 per cent or 260 points to 23, 173.05.
Sectorally, most indices traded in the green, led by auto, realty and media stocks. Nifty Auto rose 1.47 per cent, followed by Nifty Realty (1.39 per cent), Nifty Media (1.30 per cent), and Nifty Metal (1.23 per cent). PSU banks and financial services indices also posted gains of over 1 per cent, while the IT sector remained under pressure.
Broader markets mirrored the positive sentiment, with the Nifty Midcap 100 and Nifty Smallcap 100 advancing around 1 per cent each.