Sensex gains 566 points as IT stocks surge, AI optimism offsets tariff woes

A combination of optimism about more artificial intelligence (AI) spending under US President Donald Trump, which offset uncertainties over his tariff policy, and gains in top-weight HDFC Bank helped the domestic equity benchmarks to end with gains on Wednesday.

The Sensex ended the session at 76,405, with a gain of 566 points, or 0.75 per cent. The Nifty 50 index closed at 23,155, with a gain of 131 points, or 0.6 per cent. The broader markets, however, continued to witness selling pressure, with the Nifty Midcap100 declining 1.3 per cent, while the Nifty Smallcap 100 fell 1.6 per cent.