The stock market on Wednesday extended its previous session gains, with Nifty crossing 25,000 intraday.
The gains were led by IT, financial, and realty names, but the profit booking in auto and media stocks erased some of the intraday gains.
At close, the Sensex was up 323.83 points, or 0.40%, at 81,425.15, while the Nifty was up 104.5 points, or 0.42%, at 24,973.10.
The BSE midcap and smallcap indices rose 0.7% each. The overall market capitalisation of BSE-listed firms rose to over Rs 456 lakh crore from Rs 453.8 lakh crore in the previous session.
On the sectoral front, all indices ended higher, except Nifty Auto, which fell 1.28%, Media, down 0.64%, and Consumer Durables, down 0.30%. Nifty IT jumped 2.63%, while Realty rose 1.13%.
Nifty Bank and Financial Services indices rose by about 0.60% each, while PSU Bank was up 2.09%.
On the Nifty, as many as 35 stocks ended higher, with some key names like Bharat Electronics up 4.58%, Wipro up 2.63%, and HCL Technologies up 2.60%.
On the losing end were the shares of Mahindra & Mahindra (down 2.36%), Bajaj Auto (down 1.60%), and Maruti Suzuki India (down 1.50%).
Shares of IT companies gained sharply, pushing the sectoral index up more than 2%. Tata Consultancy Services (TCS) shares gained nearly 2%, while Infosys was up over 1%.
Oracle was the top gainer on the Nifty IT index, rising nearly 8%. Persistent Systems shares jumped nearly 5%, while Mphasis shares were up 4%.
Around 118 stocks hit their 52-week highs, while 53 stocks touched their 52-week lows.
Those on the highs included Bosch Ltd, Cummins India Ltd, Eicher Motors Ltd, Gujarat Mineral Development Corporation Ltd (GMDC), HBL Engineering Ltd, Indian Bank, JSW Steel Ltd, Maharashtra Scooters Ltd, Manappuram Finance Ltd, Maruti Suzuki India Ltd, and Muthoot Finance Ltd.
On the lows were notable mentions like Affordable Robotic & Automation Ltd, DIC India Ltd, Scarnose International Ltd, and Shree Krishna Infrastructure Ltd.
Out of 4,282 stocks traded on the BSE, 2,409 advanced, while 1,717 declined. Some 156 stocks remained unchanged.
The upward trend continued due to optimism about advancements in trade negotiations with the US and increasing expectations for a rate cut by the Federal Reserve.