After opening higher, the Indian market gained further as the day proceeded and ended the day on a strong footing.
Benchmark indices Sensex and Nifty ended near day's highs as IT and realty stocks supported.
At the closing bell, the BSE Sensex closed higher by 633 points (Up 0.8%).
Meanwhile, the NSE Nifty closed 196 points higher (Up 0.8%).
Eternal, Infosys and Tech Mahindra are among the top gainers today.
HUL, Cipla and Coal India, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 23,763, up by 182 points at the time of writing.
The BSE 150 MidCap index ended 1.8% higher, and the BSE 250 SmallCap index ended 2% higher.
Barring the metal sector, all other sectoral indices were trading on a positive note, with stocks in the realty sector and IT sector witnessing a buying spree.
The rupee is trading at 92.61 against the US$.
Gold prices for the latest contract on MCX are trading 0.2% lower at Rs 155,668 per 10 grams.
Meanwhile, silver prices were trading 0.3% higher at Rs 253,748 per 1 kg.
Here are three reasons why Indian share markets are rising:
#1 IT Stock Rally
The Nifty IT index today snapped its six-day losing streak to emerge as the top performer. The index was up more than 4%, with all 10 constituents moving northward. Coforge and Persistent Systems were the top movers, up 6 per cent, followed by Mphasis, Tech Mahindra, and Infosys.
#2 Crude Oil Prices Stay Strong
Brent crude, the global oil benchmark, declined 1.46 per cent to USD 101.9 per barrel. Notably, crude exports from Iraq's Kirkuk fields ?to Turkey's Ceyhan port have resumed via pipeline. The export was resumed after Baghdad and the Kurdistan Regional Government (KRG) agreed ?to restart flows.
#3 Positive Global Cues
Strong performances in the Asian markets have provided a boost to Indian markets. In Asian markets, South Korea's benchmark Kospi jumped nearly 4%, Japan's Nikkei 225 index climbed over 2%, while Shanghai's SSE Composite index and Hong Kong's Hang Seng index quoted marginally lower.
The US market ended higher on Tuesday. The Dow surged 0.1%, while the Nasdaq and S&P 500 climbed 0.5% and 0.25%, respectively.
Why Urban Company Jumped 16% Today?
In news, shares of Urban Company surged 15.8% during the session, hitting an intraday high of Rs 127.3 on the BSE. The sharp buying interest followed a bulk deal where SBI Mutual Fund increased its stake in the company.
As per NSE bulk deal data, SBI Mutual Fund acquired 3,50,63,090 shares at Rs 109.85 per share.
On the BSE, it purchased an additional 2,24,93,959 shares at Rs 109.83 per share.
As of December 2025, SBI Mutual Fund held a 1.89% stake in Urban Company, according to the BSE shareholding pattern.
Among other public shareholders, alternative investment funds held 1.41%, insurance companies owned 0.44%, while foreign investors accounted for a significant 65.63% stake.
Overall, total public shareholding stood at 79.71%.
Mankind Pharma Gains 3%. Here's Why
Moving on to the pharma space, shares of Mankind Pharma rose over 3% on Wednesday after the company secured exclusive rights to manufacture, market, and distribute the Rivotril brand in India.
The company acquired the Rivotril brand from Roche for the domestic market, gaining full control over its manufacturing, marketing, and distribution across the country.
Rivotril, a clonazepam-based therapy, is widely prescribed for neurological and psychiatric conditions and is considered a well-established brand with a strong clinical legacy.
The acquisition is expected to strengthen Mankind Pharma's presence in the central nervous system (CNS) segment while complementing its existing neuro portfolio, as per the company's exchange filing.
The deal also aligns with the company's broader strategy of expanding in chronic and specialty therapies, where it has been scaling up through new launches, partnerships, and portfolio additions. Additionally, it opens up future growth opportunities through potential line extensions in the CNS segment.
Nifty IT snaps six-day losing streak, up 4%
Moving on, the Nifty IT Index snapped its six-session losing streak on Wednesday, surging 4%.
The index briefly reclaimed the 30,000 mark, hitting an intraday high of 30,055.
All 10 constituents of the index traded firmly in the green, led by Persistent Systems, Mphasis, and Oracle Financial Services Software, which gained over 4% each. Heavyweights such as Infosys, TCS, HCLTech, Tech Mahindra, and LTIMindtree rose between 3% and 4%, reflecting broad-based buying interest.
The rebound follows a sharp correction over the previous six sessions, during which the index had declined 4.6%. Despite today's recovery, the index remains down more than 25% so far in 2026. The buying momentum also aligned with a broader recovery in the overall market.
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