Stock market today: Sensex rises 285 points to settle at 81,741; Nifty at 24,951

NEW DELHI: Equity benchmark indices, Sensex and Nifty ended in green on Wednesday marking the fourth consecutive day of gains, driven by strong performance in metal, power, and select auto shares. Sensex settled at an all-time high of 24,951 after climbing 285 points and Nifty settled at 24,951, up by 93 points.
20 stocks out of 30 in Sensex were gainers by the end of the day.The index reached an intra-day high of 81,828.04, jumping 372.64 points.
Similarly, the Nifty during the trading session, surged 127.3 points to hit a high of 24,969.35.
"The domestic market is attempting to cross above the psychological threshold of 25,000, as subdued Q1FY25 earnings and stretched valuations are curbing the challenge, while positive global trends and sector rotation are supporting the traction," said Vinod Nair, head of research at Geojit Financial Services.
JSW Steel, Asian Paints, Maruti Suzuki India, NTPC, Adani Ports and Special Economic Zone, Bharti Airtel, ITC, and Tech Mahindra were the major gainers whereas Reliance Industries, Tata Motors, Infosys, Mahindra and Mahindra, Bajaj Finance, and Axis Bank were among the laggards.
Maruti Suzuki's shares rose by 2.28 percent after the auto major reported a 47 percent jump in its net profit for the June quarter.
Prashanth Tapse, senior VP (Research) at Mehta Equities, said that the Nifty ended comfortably in the green ahead of the FOMC outcome, closing just shy of the psychological 25,000 mark, indicating the bulls' continued strength on Dalal Street.
"Indian shares began Wednesday on a positive note, buoyed by strong cues from other Asian markets amid expectations for additional stimulus measures from Beijing to support its ailing economy," said Avdhut Bagkar, technical and derivatives analyst at StoxBox.
Additionally, the market capitalisation of the BSE-listed companies' reached an all-time high of Rs 462.38 lakh crore (USD 5.52 trillion) on Wednesday, following a four-day rally in benchmark indices, increasing investors' wealth by Rs 5.45 lakh crore.
Earlier, Sensex on Tuesday settled at its all-time closing high of 81,455.40, up by 99.56 points or 0.12 per cent at, with 16 of its components settling in green and rest in red. The index opened higher and jumped 459.43 points or 0.56 per cent to hit an intra-day high of 81,815.27.
NSE rose by 21.20 points or 0.09 per cent to settle at an all-time closing high of 24,857.30. During the day, it surged 135.65 points or 0.54 per cent to 24,971.75. The index hit a low of 24,798.65.
Foreign institutional investors sold equities worth Rs 5,598.64 crore on Tuesday, according to exchange data.
Brokerage stocks Angel One, 5Paisa, and SMC Global, which are brokerage stocks, witnessed a decline ranging from 2% to 2.5% following an announcement by the markets regulator regarding potential measures to limit the increased activity in India's options markets.
The Securities and Exchange Board proposed suggestions, such as increasing the minimum trading amount by more than three times, in an effort to control the enthusiasm surrounding options trading.
Analysts have expressed that if these proposed changes are put into effect, it is probable that trading volumes will be affected.