The BSE Sensex rose 580 points, or 0.7%, to 85,167 in morning trade on Wednesday, halting a three-day losing streak. The gain tracked a rise in Asian peers and followed an overnight rally on Wall Street, buoyed by optimism over a possible Fed rate cut next month. The Nifty 50 also climbed 0.7%, while mid-cap and small-cap stocks advanced 1.0% and 0.8%, respectively. Expectations of strong domestic data also lifted sentiment, with forecasts pointing to robust GDP growth in the September quarter, although slightly easing from the June quarter. A Reuters poll showed that India’s GDP is expected to grow 7.3%, down from 7.8% in the previous quarter, supported by strong rural demand and government expenditure. All sectors traded in the green, led by metals, banking, and tech stocks. Among the top performers were JSW Steel (3.2%), Adani Ports (2.2%), Tata Motors (1.9%), Tata Steel (1.9%), and Axis Bank (1.7%).
