The Nifty 50 index surged past the 24,000 mark on Wednesday, marking a decisive recovery for Indian equities after the benchmark had slipped below the level the previous day.
The rally was broad-based, driven primarily by strong buying interest in the fast-moving consumer goods (FMCG) sector, which helped offset persistent weakness in information technology stocks.
45 points, or 0.68 percent, as investors rotated into defensive consumer plays.
The Advance-Decline ratio stood at 33:17, reflecting widespread participation across index heavyweights.
The market move represents a swift reversal of Tuesday’s sell-off, during which the Sensex slid more than 520 points and the Nifty 50 breached the 24,000 level amid heavy selling in IT shares.
Wednesday’s session saw the Nifty 50 climb 162.45 points, or 0.68 percent, as investors rotated into defensive consumer plays.
The divergence between sectors highlights a shift in risk appetite, with traders favoring domestic consumption stories over global-facing technology names.