Indian equity markets opened strong on Wednesday, continuing their upward trend for a seventh straight session. Both the Sensex and Nifty posted significant gains, with the Sensex reclaiming the 80,000 mark for the first time since early January, and the Nifty trading close to 24,300. A key driver behind this rally has been the stellar performance of technology stocks, led by HCL Technologies, which surged nearly 6% after positive future growth guidance. The broader IT sector also rebounded on upbeat investor sentiment, following a tech-led surge in US markets overnight.

On Wall Street, indices snapped a four-day losing streak. The Dow Jones soared over 1,000 points (2.66%), while the S&P 500 and Nasdaq rose more than 2.5% each. The rebound was fueled by comments from US Treasury Secretary Scott Bessent, who suggested an imminent easing in tariffs between the US and China-news that lifted investor confidence globally. Asian markets mirrored the optimism, with indices like Japan’s Nikkei 225 and South Korea’s Kospi opening higher.

Back home, gold prices made headlines by breaching the ₹1 lakh mark per 10 grams for the first time ever, driven by strong pre-Akshaya Tritiya and wedding season demand. Meanwhile, Tesla stock also benefited from news that Elon Musk will reduce his political engagements and refocus on the company’s operations, alleviating investor concerns.

Overall, a mix of global market optimism, sector-specific growth signals, and geopolitical developments have given Indian markets a much-needed boost mid-week.